XN000022-1994-04-28 — Page 3

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THURSDAY, APRIL 28, 1994

"BUT IF, FOR ANY REASON, SUFFICIENT PROGRESS ISN'T MADE," MRS CHAN CONTINUED, "THEN ONE HAS TO REALISE THAT THERE ARE POLITICAL A DILEMMA DIFFICULTIES HERE, AND IN THAT EVENT I THINK THERE WILL BE PACING THE ADMINISTRATION AS TO WHAT IS THE BEST WAY FORWARD.'

CI

OF

IN ANSWER TO · A QUESTION AS TO WHETHER THE SUGGESTION SELECTIVE SANCTIONS AGAINST STATE ENTERPRISES IS. GAINING MOMENTUM AMONG THE PEOPLE SHE MET, MRS CHAN SAID THE ALTERNATIVES AND OPTIONS ARE VERY MUCH A SECOND-BEST ALTERNATIVE.

"IN MY VIEW IT IS NOT, IN FACT, AN ALTERNATIVE, MRS CHAN SAID,

TO

THE CHIEF SECRETARY SAID SHE HAD ALSO TAKEN THE OPPORTUNITY

BUSINESSMEN RAISED AT ADDRESS THE CONCERNS OF U.S.

THE LUNCHEON MEETING ON THE INCREASING COST OF DOING BUSINESS IN HONG KONG BECAUSE OF SPIRALLING PROPERTY PRICES.

"THERE I WAS ABLE TO SAY THAT IT IS A CONCERN THAT THE HONG KONG GOVERNMENT ENTIRELY SHARES, MRS CHAN SAID.

וי

SHE SAID SHE POINTED OUT TO THE AUDIENCE THAT THE GOVERNMENT HOPED IN TWO HAD ALREADY DECLARED ITS INTENTION TO TAKE ACTION AND

A PACKAGE OF OR THREE MONTHS TIME TO BE ABLE TO ANNOUNCE

PROPOSALS HELP TO ARREST THE THAT WOULD

AND SPIRALLING,

MODERATE PRICES, NOT ᏴᎬ WITHOUT CAUSING A COLLAPSE IN THE PROPERTY MARKET WHICH WOULD IN ANYBODY'S INTEREST.

CHAN SAID SHE TURNING TO THE REMAINDER OF THE PROGRAMME, MRS

MEETINGS WITH WOULD PROCEED TO NEW YORK ON THURSDAY (APRIL 28) AFTER COMMERCE SECRETARY BON BROWN AND CHAIRMAN OF THE ASIA AND PACIFIC SUB-

HOUSE COMMITTEE OF THE

FOREIGN RELATIONS COMMITTEE REPRESENTATIVE GARY ACKERMAN.

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SAID SHE FELT THAT SUMMING UP THE PAST THREE DAYS, MRS CHAN

A BETTER

OF THE VISIT HAD RESULTED IN

APPRECIATION

HONG KONG'S MFN WOULD IMPACT ON THE CONCERNS, OF HONG KONG'S POSITION AND HOW

AFTER TERRITORY, NOT ONLY NOW BUT IMPACT ON STABILITY AND PROSPERITY 1997.

M2

J

"I HAVE BEEN ASSURED THAT THOSE CONCERNS WILL ACCOUNT, MRS CHAN SAID.

BE TAKEN INTO

TRANSCRIPT OF CHIEF SECRETARY'S DOOR-STEP INTERVIEW

J

IS FOLLOWING

THE TRANSCRIPT OF A DOOR-STEP INTERVIEW SECRETARY, MRS ANSON CHAN, AFTER CALLING ON SENATOR MAX IN WASHINGTON DC ON APRIL 26:

CHIEF

OF

THE BAUCUS

WILL

CHIEF SECRETARY: THOSE OF YOU WHO HAVE BEEN FOLLOWING ME AROUND KNOW THAT I'VE HAD A VERY HECTIC TWO DAYS. I THINK I'VE NOW SEEN MOST OF THE KEY PLAYERS ON THE MFN ISSUE. I'VE MET WITH THE SENIOR LEADERS IN THE ADMINISTRATION AND IN CONGRESS AND THE SENATE, INCLUDING

SPEAKER TOM FOLBY, MR GEORGE MITCHELL, DAVE PELOSI, ALSO SEEN AMBASSADOR LORD AND SENATOR MAX BAUCUS.

MCCURDY.

NANCY

I'VE

/I'VE HAD