XN000022-1989-11-01 — Page 17

WEDNESDAY, NOVEMBER 1, 1989

15

KONG HE ADDED THAT AS A RESULT OF THE YANG YANG INCIDENT, HONG PEOPLE WERE WORRIED THAT AFTER 1997, THE CHINESE GOVERNMENT MIGHT LAW AND ACCUSE THE UNILATERALLY INTERPRET A PROVISION IN THE BASIC

THAT IT,

AS AND USE

SAR

GOVERNMENT

OF HAVING CONTRAVENED JUSTIFICATION FOR ITS OWN BREACHES OF THE BASIC LAW.

WAS THAT

ONE LESSON HONG KONG HAD LEARNT KEEP OR BREAK AN AGREEMENT AS IT PLEASED.

CHINA WOULD MAKE,

HONG KONG TURNING TO THE BASIC LAW, MR LEE SAID THE PEOPLE OF

BE STATIONED IN THE WOULD NOT LIKE THE PEOPLE'S LIBERATION ARMY TO

DONE HONG KONG SAR AFTER SEEING ON TELEVISION WHAT THOSE TROOPS HAD TO THEIR OWN PEOPLE.

THEY

LIKE THEIR CHIEF WOULD

EXECUTIVE TO BE

THE GIVEN SAR ΤΟ BE IN A EXCLUSIVE POWER OF DECIDING WHETHER TO DECLARE THE

ΤΟ SEE THE POWER OF STATE OF EMERGENCY; AND THEY WOULD ALSO LIKE

BE

ΤΟ DELEGATED

AND BE INTERPRETING THE BASIC LAW TO

EXCLUSIVELY THESE SO THAT

VERY EXERCISED BY THE COURTS OF THE POWERS WOULD NOT BE EXERCISED IN PEKING.

SAR,

IMPORTANT

POLICY SPEECH OFFERS VISION FOR FUTURE

THE GOVERNOR'S POLICY ADDRESS HAS OFFERED HONG KONG A VISION WITH WHICH THE TERRITORY CAN IDENTIFY

A VISION WHICH IS BOTH THOUGHTFUL AND COURAGEOUS, THE HON DAVID LI SAID TODAY (WEDNESDAY).

THE POLICY SPEECH ALSO OFFERED FOCUS AND HOPE, MR LI SAID IN

THE LEGISLATIVE COUNCIL DURING THE POLICY DEBATE.

HE SAID THE FINANCIAL COMMUNITY WELCOMED THE GOVERNOR'S SENSE OF VISION, ADDING THAT CERTAINLY THERE WOULD BE OBSTACLES TO OVERCOME.

FOR EXAMPLE, THERE WAS THE DANGER. OF INFLATION. BUT THIS COULD BE GUARDED AGAINST BY PHASING IN THE DEVELOPMENT PROJECTS OVER TIME AND BY CLOSE FINANCIAL CONTROL.

HE SAID THERE WAS ALSO CONCERN ABOUT THE OVERALL COST OF THE PROGRAMME. "HERE, PRIVATE SECTOR PARTICIPATION IS VITAL, HE NOTED.

M

"THE ENTIRE INTERNATIONAL COMMUNITY MUST BE INVITED то PARTICIPATE IN THESE PROJECTS. BIDDING MUST BE OPEN TO ALL. THIS WILL REINFORCE HONG KONG'S ROLE AS A FREE MARKET AND AN INTERNATIONAL BUSINESS CENTRE, HE SAID.

to

THIS WOULD ALSO ENSURE THAT THE PROJECTS WERE BEST CONTRACTORS, DEVELOPERS AND OPERATORS, HE ADDED.

HANDLED BY THE

/MR LI ....