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FRIDAY, APRIL 28, 1989

SGD UPDATES AMERICANS ON DEVELOPMENTS IN HK

SCHOLARS AND EXPERTS IN ASIA-PACIFIC AFFAIRS AMERICAN CITY OF ATLANTA, GEORGIA, WERE YESTERDAY AN UPDATE BY THE SECRETARY FPR GENERAL DUTIES, MR BARRIE THE DEVELOPMENTS IN HONG KONG SINCE THE SIGNING

DECLARATION.

MEETING IN THE (APRIL 27) GIVEN WIGGHAM, ON JOINT

OF THE

WAS

MR WIGGHAM WHO IS ON A SPEAKING TOUR OF THE UNITED STATES, THE KEYNOTE SPEAKER AT A MAJOR ANNUAL SEMINAR ON JOINTLY ORGANISED BY THE SOUTHERN CENTRE

THE ASIA-PACIFIC FOR INTERNATIONAL THE EAST-WEST CENTRE, HONOLULU, HAWAII AND THE GEORGIA CONSORTIUM.

STUDIES,

GOVERNMENT THE TWO-DAY SINCE AROUND 11 PER CENT

MR WIGGHAM TOLD THE AUDIENCE OF ABOUT 100 STATE OFFICIALS, ACADEMICS, BUSINESSMEN AND MEDIA WHO ATTENDED SEMINAR THAT HONG KONG'S ECONOMY HAD GROWN AT A TREMENDOUS RATE THE SIGNING OF THE AGREEMENT IT HAD AVERAGED OVER THE LAST THREE YEARS.

CONTINUING INVESTMENT INVESTMENT FROM THE U.S. RE-EXPORT TRADE

FINANCED BY BOTH

—

RATE, FOREIGN IN THE PROJECTS

HE POINTED ΤΟ HONG KONG'S RECORD LOW UNEMPLOYMENT

IN PLANT AND MACHINERY, INCREASING ** JAPAN AND CHINA, THE EXPLOSION WITH CHINA AND MASSIVE INFRASTRUCTURAL THE GOVERNMENT AND PRIVATE SECTOR PERIODS WELL INTO THE NEXT CENTURY AS EVIDENCE OF INVESTORS' CONFIDENCE

IN THE FUTURE.

WITH PAYBACK LOCAL AND FOREIGN

IN DISCUSSING THE BASIC LAW, MR WIGGHAM POINTED OUT KONG WAS NOW IN THE MIDST OF A SECOND ROUND OF CONSULTATION. A NUMBER OF IMPROVEMENTS HAD BEEN MADE IN THE SECOND RESULT OF PUBLIC COMMENTS LAST YEAR ON THE FIRST DRAFT.

THAT HONG HE NOTED

DRAFT AS A

THE DRAFT IS PUBLIC

"THE DRAFTERS HAVE THEMSELVES ACKNOWLEDGED THAT STILL NOT PERFECT AND IS TO BE FURTHER AMENDED IN THE LIGHT OF REACTION.

AN NO REASON EFFORT TAKE HONG KONG

BASED ON EXPERIENCE THE FIRST TIME ROUND, THERE IS TO BELIEVE THAT REMAINING CONCERNS WILL NOT BE ADDRESSED IN TO REACH CONSENSUS ON THE BEST POSSIBLE BASIC LAW TO SMOOTHLY INTO THE NEXT CENTURY," HE SAID.

LISTING THE MANY ACHIEVEMENTS OF THE JOINT LIAISON WIGGHAM SAID THE EXPERIENCE OF WORKING TOGETHER WITH THE CONFIRMED TIE CHINESE COMMITMENT ΤΟ WORKING FOR PROSPERITY AND STABILITY FOR A SMOOTH TRANSFER IN 1997.

GROUP, MR CHINESE HAD

THE CONTINUED

LIST ог ROAD TO A

HE SAID THIS COMMITMENT HAD BEEN UNDERLINED BY A LONG PRACTICAL ACHIEVEMENTS THAT HAD SET HONG KONG WELL ON THE SUCCESSFUL FUTURE.

KONG HAD KONG AND ITS

MR WIGGHAM SAID 1997 WAS THE GREATEST CHALLENGE HONG YET FACED - "BUT I AM CONVINCED THAT 1997 OFFERS PEOPLE THEIR GREATEST OPPORTUNITY YET."

HONG

/ACCOMPANIED BY