XN000022-1989-10-16 — Page 2

MONDAY, OCTOBER 16, 1989

HK TRYING TO BUILD BENEFICIAL LONG TERM RELATIONSHIP

WITH CHINA: GOVERNOR

* * * * * * * *

HONG KONG IS TRYING TO BUILD A LONG TERM RELATIONSHIP WITH CHINA GENUINELY BENEFICIAL TO BOTH SIDES, THE GOVERNOR, SIR DAVID WILSON. SAID TODAY (MONDAY).

SPEAKING AT A LUNCHEON MEETING OF THE NATIONAL PRESS CLUB AND THE ASIA SOCIETY IN WASHINGTON, SIR DAVID SAID THE TERRITORY AT THE SAME TIME WAS BUILDING WITH DETERMINATION AND SPRED FOR THE NEW OPPORTUNITIES WHICH LAY IN ITS FUTURE.

SIR DAVID INVITED OVERSEAS

BUSINESSMEN AND PROFESSIONALS TO COMPETE FOR A SHARE IN THE AMBITIOUS PROJECTS TO BUILD FOR THE FUTURE OF HONG KONG.

THE GOVERNOR SAID THAT HONG KONG HAD TAKEN SOME HARD KNOCKS THIS YEAR, BUT THE TERRITORY HAD OVERCOME WORSE AND EMERGED THE

STRONGER FOR IT.

"WE ARE BUSY NOW IN STRENGTHENING POLITICAL INSTITUTIONS, HE SAID.

OUR SOCIAL, LEGAL AND

HE POINTED OUT THAT THE TRAGIC EVENTS OF JUNE 4 HAD SHAKEN CONFIDENCE BADLY BUT THERE WAS NO PANIC.

INDEED ALL PARTS OF THE SYSTEM HELD FIRM. THAT IS ONE OF THE KEY MESSAGES ABOUT THE EFFECT OF THE JUNE TRAGEDY ON HONG KONG," НЕ SAID.

—

*

HE

"SINCE JUNE HONG KONG HAS GONE BACK TO DOING WHAT WE DO BEST BUSINESS. PRIVATE INVESTMENT SHOWS NO SIGNS OF SLACKENING OFF, ADDED.

SIR

CITING EXAMPLES OF RECENT SUBSTANTIAL PRIVATE INVESTMENTS, DAVID SAID THE GOVERNMENT WAS EQUALLY DETERMINED THAT IT SHOULD START NOW TO BUILD THE HONG KONG OF THE 21ST CENTURY.

HE REFERRED TO FIVE CONSORTIA BIDDING FOR THE LARGEST SITE EVER SOLD IN THE CENTRAL BUSINESS DISTRICT, ONE OF THE BIGGEST PRIVATE FINANCINGS OF AN INFRASTRUCTURAL FACILITY FOR CONSTRUCTING TWO NEW CONTAINER TERMINALS, AND FOUR CONSORTIA BIDDING FOR THE FRANCHISE ΤΟ BUILD AND OPERATE THE WORLD'S BIGGEST CABLE TV NETWORK.

ΤΟ

ΤΟ

OUTLINING THE PORT AND AIRPORT DEVELOPMENT PLANS HE ANNOUNCED IN HIS POLICY ADDRESS LAST WEDNESDAY, THE GOVERNOR SAID THAT TRUE HONG KONG'S ECONOMIC PHILOSOPHY, THE DOOR WAS WIDE OPEN FOR ANYONE BID FOR THESE PROJECTS.

BE

ALL THE WORLD'S DESIGNERS, ENGINEERS AND CONSTRUCTORS WILL WELCOME TO COMPETE FOR A SHARE. THERE IS WORK TO BE DONE ON A HUGE SCALE WHICH WILL KEEP US BUSY, AND THOSE WHO COME TO HELP US, TO THE END OF THE CENTURY, SIR DAVID SAID,

/REFERRING TO