XN000022-1993-03-03 — Page 4

WEDNESDAY, MARCH 3,

1993

A ABOUT ASKED

IN THE

DEFICIT BUDGET PROPOSED FOLLOWING YEARS,

THE BY

FINANCIAL SAID: "WE ARB SECRETARY

GOVERNOR THE

PRACTICE THAT A VERY SMALL DEFICIT NEXT YEAR, THOUGH IN FORECASTING

SOMETIME AS WE BECAUSE IT IS QUITE DIFFICULT NOT MATERIALISE DISCOVERED THIS YEAR TO SPEND OUR CAPITAL PROGRAMME AS RAPIDLY AS WOULD LIKE.

MAY

WE

"WHAT WE ARE DOING IS INVESTING AS PARTS OF THE PROCEEDS OF OUR GROWTH IN THE FUTURE INFRASTRUCTURE OF HONG KONG.

"THAT IS VERY IMPORTANT TOO. WE ARE DOING THAT WHILE SUBSTANTIAL SURPLUSES IN CASE THERE IS A RAINY DAY,

PREDICTING

RETAINING

WE ARE YEAR

"IN ORDER TO HAVE A VERY BIG RESERVE FOR THE FUTURE,

AS YOU WILL HAVE SEEN BIGGER RESERVES FOR 1997 THIS WE PREDICTED LAST YEAR. AND, WE ARE ALSO, OF COURSE, THE SUBSTANTIAL FUNDS WHICH ARE IN THE EXCHANGE FUND AND THERE IS A LOT OF MONEY AS WELL IN THE LAND FUND."

THAN

LOOKING TO

0

—

GOVERNOR TO CURTAIL JAPAN VISIT

A GOVERNMENT

SPOKESMAN SAID TODAY (WEDNESDAY} THAT THE GOVERNOR, THE RT HON CHRISTOPHER PATTEN, HAD DECIDED TO CURTAIL HIS FORTHCOMING VISIT TO JAPAN WHICH HAD BEEN PLANNED FOR MARCH 4 TO 8.

MR PATTEN WILL NOW TRAVEL TO JAPAN ON FRIDAY (MARCH 5) OR SATURDAY (MARCH 6) AND RETURN ON SUNDAY (MARCH 7) AFTER ADDRESSING THE JAPAN-UNITED KINGDOM 2000 GROUP CONFERENCE AT AWASHIMA.

GOVERNOR VISITS YAU TSIM DISTRICT

* * *

THE GOVERNOR, THE RT HON CHRISTOPHER PATTEN, VISITED YAU TSIM DISTRICT TODAY (WEDNESDAY).

FROM THE ROOFTOP OF A TOWERING BLOCK AT PROSPEROUS GARDEN IN YAU MA TEI, MR PATTEN HAD A PANORAMIC VIEW OF THE WEST KOWLOON RECLAMATION PROJECT WHILE HE WAS BEING BRIEFED ON ITS PROGRESS.

OF

THE MAMMOTH RECLAMATION WILL CREATE MORE THAN 340 HECTARES LAND FOR MAJOR TRANSPORT INFRASTRUCTURE PROJECTS AND ASSORTED DEVELOPMENTS.

―

ON

WHILE AT PROSPEROUS GARDEN A HOUSING SOCIETY RESIDENTIAL ESTATE MR PATTEN WAS ALSO GIVEN AN UPDATE ON THE SOCIETY'S PLAN THE REDEVELOPMENT OF THE "SIX STREETS" IN YAU MA TEI. THIS WAS FOLLOWED BY A VISIT TO AN ELDERLY DAY ACTIVITY CENTRE IN THE ESTATE.

/EARLIER, HE