XN000022-1992-07-09 — Page 4

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FIRST, WE CAN BEST SECURE OUR FUTURE TOMORROW BY OUR SUCCESS TODAY. THAT IS TRUE OF OUR ECONOMY AND TRUE OF OUR

OUR GOVERNMENT. THE STRONGEST SAFEGUARD FOR OUR GOVERNING INSTITUTIONS WILL BE THE EFFECTIVENESS, VIGOUR AND GOOD SENSE WITH WHICH THEY OPERATE. ALL OF

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US WHO PARTICIPATE IN THE RUNNING OF HONG KONG HAVE SERIOUS WORK TO DO. I LOOK FORWARD TO CO-OPERATING WITH THOSE WHO SHARE MY AIM TO DO EVERYTHING WE CAN TO IMPROVE AND STRENGTHEN THE GOVERNMENT OF HONG KONG IN THE UNIQUE CIRCUMSTANCES IN WHICH HISTORY HAS PLACED US. THOSE CIRCUMSTANCES WILL REQUIRE A SPIRIT OF MATURE CO-OPERATION IN THE BUSINESS OF GOVERNMENT.

DIFFICULT.

TO GOVERN IS TO CHOOSE AND CHOICE IS INVARIABLY GOOD POLITICAL LEADERSHIP INVOLVES FACING UP ΤΟ HARD DECISIONS,

BE DONE TAKING THEM, SETTING OUT CLEARLY WHAT HAS TO

WHEN ALL THE THAT HAS ΤΟ BE TALKING IS OVER, AND WINNING CONSENT FOR THE COURSE PURSUED.

DIGNITY

AS

THAT IS WHY I WISH, WHILE PRESERVING THE AUTHORITY AND

MY OF MY OFFICE, TO MAKE

GOVERNORSHIP AS OPEN AND ACCESSIBLE POSSIBLE. BUT THE ULTIMATE RESPONSIBILITY OF LEADERSHIP RESTS WITH ME, IN WHAT IS AND WILL REMAIN AN EXECUTIVE-LED GOVERNMENT.

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AND PROSPECTS

WORK. LAURELS

ONE

SECONDLY, OUR PERSONAL AND COLLECTIVE AMBITIONS ARE INEVITABLY LINKED TO THE SUCCESS OF THE ECONOMY IN WHICH WE

ON HONG KONG KNOWS BETTER THAN ANYWHERE THAT IT CANNOT REST WON IN THE PAST. WE HAVE TO STRIVE CONTINUOUSLY TO MAINTAIN AND IMPROVE OUR COMPETITIVENESS FOR TOMORROW'S WORLD, CERTAIN ONLY OF THING

STILL. THAT OUR COMPETITORS WILL DO THE SAME. WE CANNOT STAND

AIRPORT WE MUST CONTINUE TO BUILD FOR THE FUTURE. THAT IS WHY THE NEW AND ALL THE INFRASTRUCTURE PROJECTS ASSOCIATED WITH IT ARE SO AND IMPORTANT. THAT IS ONE REASON WHY THE PRIME MINISTERS OF BRITAIN

THIS EXCITING CHINA HAVE BOTH EXPRESSED THEIR PERSONAL COMMITMENT TO

IS A GREAT WORK. IT

UNDERTAKING WORTHY OF THE GREAT CITY AND TERRITORY IT WILL SERVE.

THE BRIDGES, AND THE WHEN THE AIRPORT AND THE NEW PORT, AND

ROAD, ARE RAILWAYS, AND THE LAND RECLAMATION AND THE

WE COMPLETED, FOR FURTHER WEALTH KNOW THAT THE WHOLE PROJECT WILL ACT AS A DYNAMO

WIDELY IN CREATION, NOT JUST IN HONG KONG BUT IN GUANGDONG, AND MORE

LINKS WITH THE SOUTHERN CHINA WHOSE FLOURISHING ECONOMIC

TERRITORY OUR PLACE AT

ARE TO THE BENEFIT OF US ALL. THE AIRPORT WILL CONFIRM THE CROSSROADS OF THE ASIAN ECONOMY.

TO RETAIN OUR ECONOMIC STRENGTH, WE ALSO HAVE TO ATTEND TO MORE PAROCHIAL BUT IMPORTANT CONCERNS. WE HAVE, FOR TO BATTLE AGAINST INFLATION, HARD-FOUGHT THOUGH THAT BATTLE TO BE. WHEN THE PUBLIC EXPRESS ANXIETY ABOUT THE THEY ARE WHOLLY RIGHT TO DO SO. ENEMY WE IGNORE AT OUR PERIL.

EXAMPLE,

TO

RATE

OF

INFLATION

IS A

CUNNING

CONTINUE IS BOUND INFLATION, ENEMY, AN

PIRIT,

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