XN000022-1991-09-28 — Page 3

SATURDAY, SEPTEMBER 28, 1991

OF

SAN

CALIFORNIA,

AND

ITS

TRADING

DIEGO, "PAN-PACIFIC

JOINT VENTURE COMPANY, FUTURE'S SAFE, PARTNERS HAVE ESTABLISHED A

PLANT IN WHICH IS OPERATING AN ENVIRONMENTALLY SOUND PAPER PRODUCING

OF DAILY PRODUCTION OF 200 TONS, HONG KONG. THE PLANT IS CAPABLE USING RECYCLED PAPER."

ESTABLISHED NAMES SUCH AS

MR BARMA SAID THESE COMPANIES WERE ALL PART OF THE U.S. PRESENCE IN HONG KONG, INCLUDING SOME WELL-KNOWN 3M, DATACARD, EMERSON, AND HIMONT.

CORPORATE "IN FACT, AMERICAN COMPANIES ARE A MAJOR PART OF OUR

FIRMS WHICH HAVE SET UP SCENE. FORTY PER CENT OF THE 600 FOREIGN

HE THEIR REGIONAL HEADQUARTERS IN HONG KONG HAVE COME FROM THE U.S., SAID.

BEYOND 1997, MR BARMA

AS REGARDS THE SITUATION IN HONG KONG SAID HONG KONG WAS TO BECOME A SPECIAL ADMINISTRATIVE REGION OF WITH A HIGH DEGREE OF AUTONOMY OVER ITS AFFAIRS.

"HONG KONG WILL MAINTAIN

ITS

OWN

INTERNATIONAL

TRADING

COMMUNITY,

PARTY

TO THE GATT;

SEPARATE AND CONTINUE IT WILL BE

IN

CHINA

THE

POSITION ΤΟ BE A SEPARATE A SEPARATE CUSTOMS THE CUSTOMS

CONTRACTING TERRITORY FROM CHINA AND WILL CONTINUE ITS MEMBERSHIP OF CO-OPERATION COUNCIL; AND THE HONG KONG DOLLAR WILL CONVERTIBLE CURRENCY.

REMAIN À FREELY

:

"WE

BEGINNING ARE

AND PROMOTION

PROTECTION PROTECT FOREIGN INVESTMENTS.

ACTION TO TAKE AGREEMENTS WITH

TO CONCLUDE OUR MAJOR

INVESTMENT PARTNERS

ΤΟ

"I CANNOT SEE THE POST-1997

PRO-BUSINESS STANCE.

GOVERNMENT CHANGING OUR CURRENT

AND

DEVELOPMENT OF

"WHY SHOULD IT? CHINA UNDERSTANDS THE VALUE OF HONG KONG AND THE CONTRIBUTION IT MAKES TO THE ECONOMIC GROWTH CHINA, HE SAID.

TRANSPORT COMPLAINTS INCREASED BY 45 PER CENT

DURING THE SECOND QUARTER OF

1991,

THE TRANSPORT COMPLAINTS A TOTAL bf UNIT (TCU) OF THE TRANSPORT ADVISORY COMMITTEE RECEIVED 2,316 COMPLAINTS, A RISE OF 45 PER CENT COMPARED WITH THE PREVIOUS QUARTER.

SAID THE COMPLAINTS A SPOKESMAN FOR THE TCU TODAY (SATURDAY) WERE MAINLY RELATED TO PUBLIC TRANSPORT SERVICES, TRAFFIC CONDITIONS, ROAD MAINTENANCE AND TRAFFIC REGULATION ENFORCEMENT.

HE SAID A TOTAL OF 241 COMPLAINTS WERE ABOUT THE INADEQUACY OF

KOWLOON AND

AND THE FRANCHISED BUS SERVICES, COVERING HONG KONG ISLAND, NEW TERRITORIES.

/COMPARED WITH