XN000022-1992-11-19 — Page 5

THURSDAY, NOVEMBER 19, 1992

ΤΟ HAVE

DEAL, PEOPLE KEEP

"So THAT'S THE REALITY WITH WHICH COMPANIES

AS I SAY, AS LONG AS PROFITS WILL CONTINUE TO BE GOOD.

HE SAID. THAT PERSPECTIVE, THAT WILL BE HELPFUL,

VOLATILE

WOULD EXPECT

HE POINTED OUT THAT OUR INDEX HAD ALWAYS BEEN FAIRLY

RECORD HIGH, SO ONE AND IT QUITE RECENTLY REACHED A ANYWAY то SER SOME UPS AND DOWNS.

HE

THAT IT WAS NOTHING TO BE BELIEVED ADDING THAT WE

JUST KEEP OUR EYES SHOULD

тоо CONCERNED FIXED ON THE ECONOMIC

ABOUT,

FUNDAMENTALS.

"AND THE ECONOMIC FUNDAMENTALS FOR HONG KONG REMAIN

HE SAID. GOOD, ACTUALLY FOR BOTH HONG KONG AND CHINA,

門

EXTREMELY

HK SIGNS AGREEMENT WITH NETHERLANDS ON INVESTMENT PROTECTION

**

AN AGREEMENT ON THE ENCOURAGEMENT AND

AND THE INVESTMENTS WAS SIGNED BETWEEN HONG KONG (THURSDAY).

OF PROTECTION NETHERLANDS TODAY

THIS AGREEMENT WILL REMAIN IN FORCE AFTER JUNE 30, 1997.

AN

AGREEMENT

THIS IS THE FIRST TIME THAT HONG KONG HAS SIGNED WITH ANOTHER COUNTRY IN THIS IMPORTANT AREA OF INVESTMENT PROTECTION.

BINDING SUCH AGREEMENTS ARE BILATERAL INTERNATIONAL AGREEMENTS

TO ENCOURAGE AND PROTECT, UNDER INTERNATIONAL LAW WHICH AIM

ON A ONE CONTRACTING PARTY RECIPROCAL BASIS, INVESTMENTS BY INVESTORS OF IN THE OTHER'S AREA.

KONG BY THE

SECRETARY FOR

YVONNE VAN ROOY,

THE AGREEMENT WAS SIGNED IN HONG TRADE AND INDUSTRY, MR T H CHAU, ON BEHALF OF THE HONG KONG GOVERNMENT AND THE NETHERLANDS MINISTER FOR FOREIGN TRADE, MS ON BEHALF OF THE GOVERNMENT OF THE NETHERLANDS.

NETHERLANDS SPEAKING AT THE SIGNING CEREMONY, MR CHAU SAID THE ONE OF

AND HONG

PARTNERS AGREEMENT WOULD BOOST NETHERLANDS INVESTORS' CONFIDENCE IN HONG KONG.

WAS

KONG'S

IMPORTANT

INVESTMENT

THE

"THE AGREEMENT GUARANTEES FAIR TREATMENT FOR NETHERLANDS

KONG INVESTMENTS IN HONG

AND VICE VERSA, PROPER COMPENSATION IF INVESTMENTS ARE EXPROPRIATED AND THE FREE TRANSFER OF INVESTMENTS RETURNS.

AND

DISPUTES ΤΟ

BE SETTLED IN

"IT ALSO PROVIDES FOR INVESTMENT ACCORDANCE WITH PRE-AGREED PROCEDURES," HE SAID.

SIDE IN THE

THE AGREEMENT HAS BEEN CONSIDERED BY THE CHINESE JOINT LIAISON GROUP AND HAS THE SUPPORT OF THE CHINESE GOVERNMENT.

/ONCE IT