XN000022-1990-05-24 — Page 4

THURSDAY, MAY 24, 1990

3

THE

GOVERNOR SAID THAT 1997 MINDS OF OUR PLANNERS.

WAS NOT A SPECIAL DATE

IN

THE

"THEY PLAN FOR THE PEOPLE WHO WILL NOT BE LEAVING LEAST SIX MILLION PEOPLE WHO, COME WHAT MAY, WILL STILL

IN HONG KONG HOMES

21ST CENTURY, AND THEY PLAN INDUSTRIAL HONG KONG, HE SAID.

IN THE

——

THE AT

HAVE THEIR FOR POST-

SIR DAVID SAID HONG KONG WAS ALL ABOUT TRADE AND FINANCE, GOVERNMENT LETTING BUSINESSMEN DO WHAT THEY DID BEST.

WOULD

THE PLAN

IMPROVEMENTS

AND

ΤΟ PHYSICAL KNEW TO BE NECESSARY. IT ENVIRONMENT FOR

THE GOVERNMENT INFRASTRUCTURE AND TO EDUCATION WHICH IT WOULD ALSO CONTINUE TO PROVIDE A SENSIBLE REGULATORY BUSINESS CONSISTENT WITH WHAT WAS NEEDED OF INTERNATIONAL TRADE AND FINANCE, HE SAID.

FOR A MAJOR DEVELOPED CENTRE

CANADA,

"WE WILL LOOK TO OUR MAIN TRADING PARTNERS, LIKE CONTINUE TO DO BUSINESS WITH US, TO THE GAIN OF BOTH OF US.

BUSINESS INSTINCTS WILL RELY ON ECONOMICS AND THE IRREPRESSIBLE HONG KONG PEOPLE TO DO THE REST," THE GOVERNOR SAID.

TO

WE

OF

GOVERNOR WELCOMES U.S. DECISION ON MFN

DAVID THE GOVERNOR, SIR

WELCOMED THE DECISION

WILSON, TODAY (THURSDAY) BY PRESIDENT

IN

BUSH то

MAINTAIN

TORONTO CHINA'S

MOST FAVOURED NATION (MFN) STATUS.

UNIVERSAL SPEAKER'S FORUM,

AFTER SIR DAVID

SPEAKING ΤΟ REPORTERS

LUNCHEON OF HONG KONG HAD BEEN LEADERS THAT ENDING

EXPLAINING TO U.S. GOVERNMENT AND CONGRESSIONAL MFN STATUS WOULD HAVE A VERY DRASTIC EFFECT ON HONG KONG.

ATTENDING

SAID

A

THE

-

0

GOOD NEWS FOR HK: STI

* * * *

CHAN, RENEW CHINA'S

WELCOMED MOST

THE SECRETARY FOR TRADE AND INDUSTRY, MR JOHN

TAKEN

ΤΟ THE DECISION

BY PESIDENT BUSH FAVOURED NATION (MFN) STATUS FOR ANOTHER YEAR.

SAID.

"THIS IS VERY GOOD NEWS FROM HONG KONG'S POINT OF

T

VIEW,' HE

BUSINESS

US OFFICIALS,

CHINA'S MPN

"OVER THE PAST FEW WEEKS, BOTH THE GOVERNMENT AND THE COMMUNITY IN HONG KONG HAVE WORKED HARD TO CONVEY TO SENATORS AND CONGRESSMEN THE MESSAGE THAT WITHDRAWAL OF STATUS WOULD HAVE SERIOUS ADVERSE EFFECTS ON HONG KONG. I BELIEVE THIS

MR CHAN SAID, MESSAGE HAS BEEN HEARD AND TAKEN INTO ACCOUNT,

**

HE CAUTIONED, HOWEVER, THAT CONTINUED VIGILANCE WAS NEEDED.

"IT IS POSSIBLE THAT SOME SENATORS AND CONGRESSMEN MAY SEEK PASS LEGISLATION

WE ΤΟ

THE OVERTURN

PRESIDENT'S DECISION. CONTINUE TO WATCH DEVELOPMENTS VERY CLOSELY AND WE'LL DO OUR BEST ARGUE AGAINST ANY SUCH LEGISLATION, MR CHAN SAID.

"

TO

WILL

TO

0

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