XN000022-1994-10-09 — Page 5

SUNDAY, OCTOBER 9, 1994

BUT THEY ARE NOT TALKING ABOUT THE BUDGET

QUESTION:

QUESTION:

BUT

FS:

THAT MIGHT BE TOO LATE

TO CONSULT '95

―

'97.

THE

WELL, AS I SAID, THIS IS, IN A WAY, THE PROBLEM WITH

SO WE CAN'T PWC.

THE PWC DOESN'T SPEAK FOR ANYONE, IT ADVISES CHINA.

THAT IS KEEP RESPONDING TO WHAT A PWC SUB-COMMITTEE MAY HAVE SAID, NOT AN OFFICIAL VIEW.

QUESTION: PERHAPS, JUST FOR THE ENGLISH CHANNEL, CAN SOME OF

THE ARGUMENTS THAT MRS CHAN PUT FORWARD BECAUSE SPEAK IN ENGLISH.

FS:

YOU EXPLAIN SHE DIDN'T

I PUT FORWARD WELL, THE ARGUMENTS ON CT9, OF COURSE,

INTRODUCE SOME MORE WE WERE KEEN TO MYSELF SOME TIME PREVIOUSLY,

THERE WERE BASICALLY TWO BIG COMPETITION INTO THE CONTAINER TERMINAL.

AND WE INVITED EXPRESSIONS OF INTEREST OPERATORS AND ONE SMALLER ONE.

WE GOT, FROM FIRMS OR CONSORTIA, WAY BACK - I MEAN SOME YEARS AGO, FROM MEMORY, FIVE. AND AT THE END OF THE PROCESS WE ENDED UP WITH THE OF COURSE, INCLUDES TWO WHICH YOU ARE ALL AWARE OF, ONE OF WHICH,

AND THE TERMINAL WAS SPLIT BETWEEN JARDINES IT'S NOT ONLY JARDINES THOSE TWO CONSORTIA. THAT'S THE POSITION WE'RE IN.

-

-

ON WITH OF

A HONG

WE'RE NOW, I THINK, 18 MONTHS BEHIND IN GETTING EXPANDING THE CONTAINER PORT BECAUSE OF THIS PROBLEM - THE LACK

IS A GREAT PITY FOR RESOLUTION OF THE PROBLEM AND I THINK THAT KONG.

QUESTION:

GOVERNMENT'S FUTURE, HONG TO RE-

THE ABOUT MRS CHAN SAID SHE WAS WORRIED REPUTATION. IF YOU ARE SO CONCERNED ABOUT HONG KONG'S KONG'S ECONOMY, THEN WHY CAN'T YOU, YOU KNOW, GIVE SOME WAY TENDER THE WHOLE PROCESS?

FS:

WELL, BECAUSE WE ARE THE GOVERNMENT UNTIL 1997, AND WE'VE RESULTED IN A PARTICULAR GONE THROUGH AN OPEN PROCESS WHICH HAS RESULT, WHICH HAPPENS TO INCLUDE JARDINES IN ONE OF THE CONSORTIA,

PROCESS

IN AGAIN TO HAVE

AND TO START THE OVERTURNED THAT DIFFERENT WAY FOR SOME POLITICAL REASON, DOESN'T SEEM, TO US, TO BE

THAT'S OUR PROBLEM. VERY GOOD MESSAGE TO THE WORLD.

AND SOME

A

QUESTION:

FS, 1 WANT TO MAKE ONE MORE

FS:

YES, THE LAST ONE.

QUESTION:

WHAT THE PWC SUGGESTS IS THAT YOU SHOULD CONSULT ON THE NEXT BUDGET, NOT THE BUDGET FOR 1997.

CHINA

FS:

YES, I KNOW, MY ANSWER IS THE SAME.

QUESTION:

REALLY?

FS:

START WE'VE

SAID EARLIER. RESPONDING TO PWC SUB-COMMITTEES HERE, THERE AND OFFERED BRIEFINGS WE'VE ALREADY GIVEN THEM SOME. THANK YOU VERYMUCH.

-

I MEAN BY THAT WHAT I JUST YES, MY ANSWER IS THE SAME.

BUDGET.

CAN'T I OFFERED ON THE LAST WE'VE

EVERYWHERE.

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