XN000022-1991-09-02 — Page 5

MONDAY, SEPTEMBER 2, 1991

MR MACLEOD SAID PRODUCT WAS

TURNING TO THE PRESENT STATE OF THE ECONOMY, IT WAS ENCOURAGING THAT THE GROWTH OF THE GROSS DOMESTIC PICKING UP AND THE LABOUR SHORTAGE WAS EASING SOMEWHAT IN FIGURES WHICH HAD BEEN PUBLISHED.

THE LATEST

"WE ARE STILL REGARDING THE INFLATION RATE, MR MACLEOD SAID:

DISAPPOINTING CONCERNED ABOUT INFLATION. THE FIGURES ON INFLATION ARE AND WE ARE WATCHING THOSE RATES

AND CONTINUING TO VERY CLOSELY

BRING THOSE INFLATION FIGURES CONSIDER WHETHER MORE CAN BE DONE TO DOWN.

HE POINTED OUT THAT THE GOVERNMENT PARTICULARLY WANTED

TREND OF THE WHETHER THE

IN THE

UNFORTUNATELY CONTINUE.

GENERAL

DOWNWARD

SLIGHTLY

INTERRUPTED

LAST

FIGURES,

TO SEE WHICH INFLATION,

WAS WOULD

I99UR OF ASKED TO COMMENT ON THE GOVERNMENT'S PROPOSAL ON THE

AM CONFIDENT THAT THE TWO-YEAR TREASURY BONDS, MR MACLEOD SAID: "I

ASSESSED WHAT MARKET RESPONSE WILL BE GOOD BECAUSE WE HAVE CAREFULLY THE MARKET IS INTERESTED IN.

BONDS THAT DEMAND

"THERE ARE CLEAR SIGNS THAT THERE IS A DEMAND FOR GO BEYOND THE VERY SHORT TERM EXCHANGE FUND BILLS. THERE IS A

HE SAID. FOR THEM AND I THINK THEY WILL BE VERY POPULAR,

WATCH AND CLOCK INDUSTRY IS TAPPING THE BRAND-NAME MARKET: F9

THE

THE ATTEMPT BY HONG KONG'S WATCH AND CLOCK INDUSTRY TO TAP BRAND-NAME MARKET 19 A FAR-SIGHTED TREND WHICH IS STRATEGICALLY IMPORTANT

THE INDUSTRY, THE FINANCIAL

MR SECRETARY, MACLEOD, SAID TODAY (MONDAY).

FOR

HAMISH

INTERNATIONAL WATCH WAS PLEASED то

KONG SPEAKING AT THE OPENING OF THE HONG AND CLOCK FAIR 1991 THIS MORNING, MR MACLEOD SAID HE SEE A NUMBER OF LOCAL BRANDS BEGINNING TO MAKE THEIR NAMES OVERSEAS.

"AND THERE ARE ALSO MORE AND MORE JOINT VENTURE ARRANGEMENTS

HE ADDED. WITH OVERSEAS MANUFACTURERS OF BRAND-NAME WATCHES,

"THE FACT THAT OUR INDUSTRY IS PREPARED TO INVEST THEIR OWN BRAND-NAMES IS INDICATIVE OF THEIR COMMITMENT THE HIGHEST STANDARD FOR THEIR PRODUCTS.

IN CREATING IN ACHIEVING

ENHANCE "THIS WILL HELP DEFINITELY TO HONG KONG AS A SUPPLIER SAID.

OF

HIGH QUALITY

FURTHER MERCHANDISE,

THE IMAGE OF MR MACLEOD

OVER HE NOTED THAT

THE PAST DECADE, HONG KONG'S DOMESTIC EXPORTS OF TIME PIECES HAVE TRIPLED.

/"FOR THIS