XN000022-1992-04-02 — Page 4

M

THURSDAY, APRIL 2, 1992

TABLE FINANCIAL

OF

MR MACLEOD SAID THESE FIGURES WERE NOT SHOWN IN THE NEW OF COSTS BECAUSE THEY WERE ONLY CONTINGENT LIABILITIES. THE PACKAGE HAD

ON BEEN DEVELOPED IN SUCH A WAY THAT,

THE PROBABILITY, THE CALLABLE EQUITY WOULD NOT BE CALLED.

HE SAID IF THE GOVERNMENT DID NOT OFFER THIS SORT PACKAGE TO THE MTRC AND THE PAA, IT WOULD FACE EITHER FUNDING IN FULL OR GOVERNMENT GUARANTEEING ALL BORROWINGS THE CORPORATIONS THROUGHOUT THE LIFE OF THOSE LOANS.

BALANCE

OF

SUPPORT GOVERNMENT RAISED

BY

OF PUBLIC

BOTH

AND AND

THE FIRST ALTERNATIVE WOULD ABSORB A HUGE QUANTITY RESOURCES WHILE

LARGE THE LATTER WOULD CREATE AN UNNECESSARILY

BEFORE CONTINGENT LIABILITY FOR THE GOVERNMENT, LONG-TERM

AFTER 1997.

THAT NOTING

THERE WOULD NEED TO BE A

RESIDUAL

LIABILITY ON THE SPECIAL ADMINISTRATIVE REGION GOVERNMENT AFTER MR MACLEOD SAID

CONTINGENT 1997. LIABILITIES THIS AND OTHER LESSER CONTINGENT AFTER 1997 WERE SUBJECT TO DISCUSSION WITH THE CHINESE PERSISTING

THE GOVERNMENT WHICH WAS TAKING PLACE IN THE AIRPORT COMMITTEE UNDER TERMS OF LAST YEAR'S MEMORANDUM OF UNDERSTANDING,

REFERRING TO THE OTHER PROJECTS IN THE ACP, MR MACLEOD SAID THE RESULT OF THE COST ESTIMATES OF THESE HAD ALSO BEEN ADJUSTED AS A MONTHS OF DESIGN AND PROJECT REVIEW.

THE COST OF SUPPORTING ITEMS SUCH AS MANAGEMENTS SERVICES AND A COMPREHENSIVE INSURANCE PROGRAMME HAD ALSO BEEN INCLUDED.

"THESE WILL

COMPLETED HELP TO ENSURE THAT THE ACP CAN BE TIME AND WITHIN BUDGET," HE ADDED.

ON

OF

CHIEF MTRC, MR

THE

ALSO TAKING PART IN THE PRESS CONFERENCE WERE THE DIRECTOR NEW AIRPORT PROJECTS CO-ORDINATION OFFICE, MR RAFAEL HUI; EXECUTIVE OFFICER OF THE PAA, MR RICHARD ALLEN; CHAIRMAN OF THE MR HAMISH MATHERS; AND PRINCIPAL ASSISTANT FINANCIAL STEPHEN SELBY.

SECRETARY,

DON'T FALL PREY TO DRUG SYNDICATES

LOCAL RESIDENTS WERE REMINDED NOT TO FALL PREY TO DRUG SYNDICATES BY CARRYING ILLICIT DRUGS, EITHER KNOWINGLY OR UNWITTINGLY, WHEN TRAVELLING ABROAD.

THE

THE REMINDER WAS ISSUED TODAY (THURSDAY) BY THE COMMISSIONER

INCREASE IN FOR NARCOTICS, MR KEN WOODHOUSE, FOLLOWING A RECENT NUMBER OF HONG KONG CITIZENS ARRESTED BY FOREIGN LAW ENFORCEMENT AGENCIES FOR DRUG OFFENCES.

HE SAID: "INNOCENT, UNSUSPECTING TRAVELLERS ARE THE TARGETS OF DRUG SYNDICATES.

ΤΟ LIKELY

BE

/"NO MATTER