XN000022-1992-08-12 — Page 4

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WEDNESDAY, AUGUST 12, 1992

T

*IF THERE ARE ANY POINTS THEY WISH TO PUT TO ME I AM SEEING THEM REASONABLY SOON AND I AM SURE THAT THEY WON'T BE SLOW IN COMING FORWARD," HE ADDED.

THE GOVERNOR SAID HE WAS SURE THAT THE AUTHORITIES IN SHENZHEN AND OTHERS IN CHINA WERE QUITE RIGHT TO SAY THAT THERE WAS BOUND TO BE ΤΟ A LEARNING CURVE AS THEY OPENED UP THEIR ECONOMY, THEY WERE BOUND HAVE TO LEARN SOME LESSONS ALONG THE WAY.

BUT THE OVERRIDINGLY IMPORTANT POINT TO MAKE WAS THE ENTHUSIASM FOR A DEVELOPING MARKET IN SHENZHEN AND ELSEWHERE IN CHINA, HE NOTED.

+

"SO FAR AS THE REPORTING OF THOSE EVENTS IS CONCERNED, WE USE VERY

SYSTEM OFTEN THE PHRASE ONE COUNTRY, TWO SYSTEMS'. PART OF OUR IS THAT WE HAVE A FREE PRESS WHICH FREELY REPORTS WHAT HAPPENS IN HONG KONG.

"THAT'S OUR WAY OF LIFE. THAT'S OUR SYSTEM. THAT'S HOW THE PRESS OPERATES IN OUR SYSTEM.

"EVEN THOUGH I DON'T ALWAYS LIKE WHAT I HEAR OR READ IN THE A NEWSPAPERS, I DON'T TAKE THE VIEW THAT THE BEST WAY OF DEALING WITH MESSAGE YOU DON'T LIKE IS BY TAKING IT OUT ON THE Messenger. I THINK THAT ALL THE PAPERS, PRETTY WELL ALL THE PAPERS IN HONG KONG MADE THEIR POINTS LIKE THAT UNDERSTANDABLY THIS MORNING AND I HAVE A GREAT DEAL OF SYMPATHY FOR THE ARGUMENTS

THEY PRODUCED, MR PATTEN

SAID.

THAT

IN

THE

HERE

ON THE PROBLEM OF CORRUPTION THAT HONG KONG MAY FACE RUN-UP TO 1997, THE GOVERNOR SAID THE VITAL PARTS OF THE SYSTEM WERE THE RULE OF LAW AND THE GOOD, CLEAN AND HONEST PUBLIC SERVICE.

"WE

NEED TO CONTINUE TO PURSUE VIGOROUSLY AND RIGOROUSLY ANY OUR SOCIETY BECAUSE AMONG OTHER THINGS IT DETERS WELL AS BEING A CORROSIVE ELEMENT IN A SOCIETY LIKE

AS

CORRUPTION IN INVESTMENT OURS.

"SO MY VIEWS ON CORRUPTION, AND MY VIEWS ON THE IMPORTANCE DEALING WITH CORRUPTION IN OUR SYSTEM COULDN'T BE PLAINER.

OF

APPOINTMENT OF INSPECTOR UNDER COMPANIES ORDINANCE

* *

TO APPOINT LIMITED,

A GOVERNMENT SPOKESMAN SAID THIS (WEDNESDAY AFTERNOON THAT THE CONFERRED ON FINANCIAL SECRETARY HAS DECIDED TO EXERCISE THE POWERS HIM BY SECTION 143(1)(C) OF THE COMPANIES ORDINANCE CAP 32 AN

то INSPECTOR

INVESTIGATE THE AFFAIRS OF ALLIED GROUP ALLIED

(HK) PROPERTIES

LIMITED, CRUSADER HOLDINGS LIMITED, HOLDINGS LIMITED AND WAT YICK LIMITED.

THE DECISION WAS MADE IN RESPONSE TO A RECOMIENDATION SECURITIES AND FUTURES COMMISSION.

PARAGON

BY THE

A FURTHER INSPECTOR 18 NAMED.

ANNOUNCEMENT WILL BE MADE IN DUE

COURSE

WHEN

THE

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