XN000022-1990-05-22 — Page 4

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TUESDAY, MAY 22, 1990

SIR DAVID STRESSED THAT MOST IMPORTANT OF ALL, WE MUST PLAN AND BUILD FOR THOSE WHO STAYED AND A KEY PART OF THIS WAS PARTICIPATION IN GOVERNMENT.

HE SAID THE BASIC LAW HAD SET THE SEAL

CHANGE EVOLUTIONARY

WHICH WAS ALREADY IN HAND AND THROUGH THE TRANSITION INTO THE NEXT CENTURY.

ON A

WHICH

PROCESS OF WOULD RUN

YEAR,

REFERRING TO DIRECT ELECTIONS TO THE LEGISLATIVE COUNCIL SIR DAVID SAID THE CHANGES THAT WOULD TAKE BE AN IMPORTANT STEP IN BUILDING HONG KONG FOR THE FUTURE,

PLACE

NEXT THEN WOULD

KONG'S

ON HONG

HONG KONG/U.S. LINKS, THE GOVERNOR SAID THAT COSMOPOLITAN CHARACTER COULD BE SEEN CLEARLY IN THE ROLE PLAYED BY THE AMERICAN COMMUNITY WHICH NOW NUMBERED ABOUT 17,000.

IS GROWING "IT IS THE LARGEST FOREIGN BUSINESS COMMUNITY AND STEADILY BY MORE THAN 1,000 EACH YEAR. ITS VIGOUR IS WELL DEMONSTRATED LARGEST AND MOST BY THE WORK OF THE AMERICAN CHAMBER, WHO ARE THE ACTIVE CHAMBER IN HONG KONG, HE SAID.

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THE VIGOUR OF THE AMERICAN PRESENCE IN HONG KONG COULD BE SHOWN IN THE BY THE FACT THAT MORE THAN 900 U.S. FIRMS WERK ESTABLISHED TERRITORY

DOUBLE THE NUMBER FIVE YEARS AGO, SIR DAVID NOTED.

"MANY HAVE FOUND THAT OUR LOCATION AND EXCELLENT COMMUNICATIONS

THEIR HONG

HEADQUARTERS. MAKE

REGIONAL KONG THE RIGHT PLACE FOR

LAST YEAR: THIS AMERICAN FACTORIES PRODUCED MORE THAN US$3 BILLION MADE UP OVER NINE PER CENT OF OUR EXPORTS, HE ADDED.

IN

OTHER

THAT IN HONG KONG IS IN FACT DOUBLE 'AMERICAN INVESTMENT CHINA AND BIGGER THAN ANYWHERE ELSE IN EAST AND SOUTH-EAST ASIA THAN JAPAN. THESE FIGURES SHOW WHAT AN IMPORTANT BRIDGEHEAD HONG IS FOR AMERICAN BUSINESS INTERESTS IN ASIA, HE SAID.

中中

TURNING TO THE FUTURE DEVELOPMENT OF THE PORT AND AIRPORT, GOVERNOR SAID THE PLANS WERE AMBITIOUS BUT CAREFULLY CONSIDERED.

ΤΟ

KONG

THE

"TRUE TO HONG KONG'S OPEN MARKET PHILOSOPHY, WE WILL BE LOOKING

700 INVOLVEMENT

FIRMS HAVE IN THEM. SO FAR OVER INTERNATIONAL

HE DEVELOPMENT PLANS, IN OUR AIRPORT AND PORT

EXPRESSED INTEREST SAID.

中甲

FOR

SIR DAVID NOTED THAT THE UNITED STATES WAS ALREADY INVOLVED.

CO-ORDINATOR "BECHTEL HAVE RECENTLY BEEN APPOINTED AS PROJECT

ON LANTAU ISLAND. THE NEW TWIN RUNWAY AIRPORT WE ARE BUILDING

FOR DESIGNING GREINER, FROM FLORIDA, TWO WEEKS AGO WON THE CONTRACT THE AIRPORT MASTER PLAN IN A JOINT VENTURE WITH THE BRITISH HONG FIRM OF MAUNSELLS," HE SAID.

KONG

"WE WILL BE LOOKING FOR OTHERS AS WELL FROM WORLD," HE ADDED.

ALL ROUND THE

/SPEAKING OF