XN000022-1988-06-28 — Page 2

TUESDAY, JUNE 28, 1988

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SIGNIFICANT IMPROVEMENT FOR HK IN NEW DCA

GOVERNMENT

WITH

NEGOTIATED

ΤΟ IMPROVEMENT

THE BRITISH HONG KONG'S IN

THE NEW DEFENCE COSTS AGREEMENT

REPRESENTED A SIGNIFICANT FINANCIAL POSITION, THE FINANCIAL SECRETARY, MR PIERS JACOBS, SAID LONDON ON MONDAY (JUNE 27).

THIS WAS STATED TODAY BY

WHEN SPEAKING JACOBS,

THE AGREEMENT INITIALLING OF DEFENCE.

'וי

THE FINANCIAL

MR SECRETARY,

PIERS THE PRESS IN LONDON JUST BEFORE THE

WITH

THE OFFICIALS OF

MINISTRY OF

OF

SAVING HE POINTED OUT THAT THE AGREEMENT WOULD RESULT IN A

MAINTAINING ONE THIRD IN HONG KONG'S CONTRIBUTION TOWARDS THE COST OF THE GARRISON BETWEEN NOW AND 1997.

THE

HE ADDED THAT THE SAVINGS WOULD BE SIGNIFICANTLY MORE THAN

POLICE OVER ESTIMATED TWO BILLION DOLLARS IT WOULD COST TO EXPAND THE THE SAME PERIOD.

MAJOR

IMPROVEMENTS

TO EQUIVALENT

MR JACOBS SAID IT WAS NOT ENOUGH TO LOOK AT

IN MONEY TERMS,

SAVINGS THE

WERE SIGNIFICANT OF COSTS ALONF.

AND

WOULD

FOR ALLOW

OF PROVISION IN

PUBLIC THE CONSTRUCTION OF SEVERAL SERVICES IN HONG KONG, HOSPITALS.

THE APPORTIONMENT

THE

ONE

THE FINANCIAL SECRETARY SAID THAT

BY MAKING ECONOMIES WOULD BE ACHIEVED WAS GARRISON SUCH AS THE PROCUREMENT OF SUPPLIES KONG RATHER THAN FROM BRITAIN.

ASKED HOW HONG KONG

то

WAY IN WHICH SAVINGS IN EXPENDITURE

AND

ON THE

EQUIPMENT IN HONG

THE

NEW

WAS

AGREEMENT,

WOULD REACT DISAPPOINTED IF IT

NOT ACCEPTED JACOBS SAID HE WOULD BE WELCOMED BY THE MAJORITY OF PEOPLE. MORE SO BECAUSE IT REPRESENTED REVERSAL OF THE PAST TREND OF INCREASING COSTS.

NO'

COMMENTING ON THE NEGOTIATIONS, HE SAID THEY WERE A "THE

SIDE BRITISH

DID

COMMENCE THEIR CONTEMPLATING A REDUCTION, WE HAVE SECURED THAT.

SLOG.

MR

AND A

LONG HARD NEGOTIATIONS

=

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