XN000022-1987-11-13 — Page 3

FRIDAY, NOVEMBER 13, 1987

2

FS OFF FOR DEFENCE TALKS

LONDON THE IN

THIRD NEW DEFENCE

THE FINANCIAL SECRETARY, MR PIERS JACOBS, LEFT FOR TONIGHT (FRIDAY) TO LEAD THE HONG KONG GOVERNMENT TEAM ROUND OF DISCUSSIONS WITH THE MINISTRY OF DEFENCE COSTS AGREEMENT.

ON

THE TALKS WILL START ON WEDNESDAY (NOVEMBER 18) AND ARB PLANNED TO LAST THREE DAYS.

"IF OUR DISCUSSIONS ARE SUCCESSFUL, THE NEW AGREEMENT WOULD

TOLD COME INTO OPERATION ON APRIL 1 NEXT YEAR," MR JACOBS

REPORTERS AT THE AIRPORT BEFORE DEPARTURE.

HE SAID THE EARLIER ROUNDS OF TALKS HAD CLEARED SOME A BETTER UNDERSTANDING OF RACH GROUND, AND THERE WAS NOW POSITION.

OF THE OTHER'8

TALKS, I HOPE TO BE ABLE TO

THE EXECUTIVE

COUNCIL, HE

M

"AT THE END OF THIS ROUND OF PRESENT THE BASIS OF A NEW AGREEMENT TO ADDED.

"NATURALLY, THERE ARE STILL A NUMBER OF IMPORTANT ISSUES TO RESOLVED, BUT I AM CONFIDENT THAT PROGRESS WILL BE MADE.

BR

OTHER MEMBERS OF THE DELEGATION ARE MR ROBERT UPTON, DEPUTY SECRETARY FOR SECURITY; MR MIKE HANSON, PRINCIPAL ASSISTANT SECRETARY FOR SECURITY; MR IAN WOTHERSPOON, ASSISTANT FINANCIAL MR JOHN SHANNON, A FINANCE OFFICER OF THE FINANCE BRANCH.

SECRETARY;

AND

MORE OVERSEAS INVESTMENT IN MANUFACTURING

KONG'S

THE YEAR 1986 WAS A GOOD ONE FOR OVERSEAS

INDUSTRIES, MANUFACTURING

ACCORDING

ΤΟ

INDUSTRY, MR K.Y. YRUNG.

INVESTMENT IN HONG THE DIRECTOR OF

OVERSEAS

1986

-

PUBLISHED REPORT IN THE FOREWORD TO HIS DEPARTMENT'S NEWLY

IN INVESTMENT

HONG

MANUFACTURING KONG'S "1987 SURVEY OF

$19,554 MILLION, THE TOTAL INDUSTRIES", THE DIRECTOR NOTED THAT AT

DEFINED AS THE END OF

CUMULATIVE VALUE OF INVESTMENT AT INVESTMENT AT ORIGINAL COST BEFORE DEPRECIATION OF 26 PER CENT OVER 1985. AT $1,603 MILLION, FIXED ASSETS IN 1986 REPRESENTED AN INCREASE OF 55 PER CENT.

SHOWED AN INCREASE THE NET ACQUISITION OF

THE REPORT