XN000022-1992-11-02 — Page 4

MONDAY, NOVEMBER 2, 1992

NEXT,

HONG

FORWARD

DO,

FOR

MY

IN STABILITY CHOICE

THE MODEST PROPOSALS THAT I'VE PUT

KONG, BROADENING THE BASE OF DEMOCRACY HERE IN

POLITICAL JUDGMENT, REPRESENT

GREATER A WAY OF SECURING RATHER THAN THE REVERSE. LET'S NOT FORGET THAT THERE ISN'T A BETWEEN WHAT

PROPOSED ON THE ONE HAND OR THE STATUS I

IF I'D PUT OTHER, WE HAD TO PUT FORWARD PROPOSALS FOR 1995. PROPOSALS WHICH WERE UNFAIR, WHICH APPEARED TO BLOCK OFF ANY MODEST STEPS TOWARDS GREATER DEMOCRACY, I THINK THAT WOULD THE CAUSE OF GREATER POLITICAL INSTABILITY, BOTH BEFORE 1997 AND AFTER 1997.

WITH

CHINA.

QUO ON THE

FORWARD

FURTHER

HAVE BEEN

RELATIONSHIP

NEXT, I WANT TO HAVE A GOOD AND EFFECTIVE

HONG KONG WANTS TO

A GOOD AND EFFECTIVE HAVE RELATIONSHIP WITH CHINA. I DON'T THINK IT WOULD MAKE MUCH SENSE FOR ME TO TRY TO CONSTRUCT SUCH A RELATIONSHIP ON A BASIS WHICH I BELIEVED MIGHT DAMAGE WAS BAD FOR HONG KONG, AND ON A BASIS WHICH I BELIEVED CHINA'S RELATIONS WITH HONG KONG.

SECURED

NOW NOT JUST

MY PENULTIMATE POINT IS SIMPLY THIS, THAT BETWEEN AND 1997, I AM GOING TO BE CALLED UPON TO GIVE REASSURANCES, BY BRIAN WALDEN, REASSURANCES EVEN DEMANDED BY SOME WHO ARE AT PRESENT CRITICAL OF WHAT I'VE SUGGESTED, REASSURANCES THAT HONG KONG'S WAY OF

SET OUT

THE AS

IN

JOINT LIFE WILL BE

PLACED TO GIVE DECLARATION, BEYOND 1997. I THINK I'LL BE BETTER THOSE REASSURANCES, IF I'M THOUGHT TO BE SOMEONE WHO HAS A VISION HONG KONG AND IF I'M THOUGHT TO BE SOMEONE WHO'S PREPARED TO STAND FOR HONG KONG.

GUARANTEED

AND

FOR UP

AND LAST, MY TENTH POINT, I AM UNINHIBITEDLY OPTIMISTIC

OF THE OF COURSE MUCH

ECONOMIC ABOUT THE FUTURE OF HONG KONG.

SUCCESSFUL OPENING DYNAMISM IN HONG KONG WILL DEPEND ON CHINA'S OWN UP, BUT I THINK AT PRESENT OUR ECONOMIC PROSPECTS ARE SET FAIR, AND I FOR ONE WILL BE LOBBYING EXTREMELY HARD TO ENSURE THAT THOSE PROSPECTS

IN TRADE AREN'T

BY JEOPARDISED

THE POLITICISATION OF MONTHS. I SAY NOTHING ABOUT EVENTS OVER THE NEXT THINK YOU SEE WHAT I MEAN.

·

THE COMING 24-36 HOURS, BUT I

OF

CENTURY,

I THINK HONG KONG HAS BEEN ONE OF THE MIRACLES, ONE THE ECONOMIC AND SOCIAL MIRACLES, OF THE SECOND HALF OF THIS

IN THE NEXT FEW AND IN MY VIEW, THE STORY HAS ONLY JUST STARTED. WEEKS AND MONTHS I THINK IT'S IMPORTANT TO BE CALM AND THOUGHTFUL AND RATIONAL, AND I'M SURE THAT IS WHAT PEOPLE IN HONG KONG WOULD HOPE FOR

AFFECTING AS WELL, SO THAT WE CAN DISCUSS THE IMPORTANT ISSUES

SO THAT POLITICAL AND ECONOMIC FUTURE, SO THAT WE CAN GET THEM RIGHT,

CONTINUES TO ENJOY WE CAN ENSURR THAT THIS REMARKABLE

IN THE JOINT PROSPERITY, STABILITY AND THE WAY OF LIFE ENSHRINED DECLARATION, FOR AS LONG AHEAD AS ANY OF US CAN SEE.

COMMUNITY

STEVE VINES: THANK YOU VERY MUCH INDEED. INDICATED, WILL NOW TAKE SOME QUESTIONS.

OUR

THE GOVERNOR, AS HE HAS

/QUESTION: