XN000022-1994-10-15 — Page 3

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SATURDAY, OCTOBER 15, 1994

Q: ARE THERE AREAS THEY COULD BE DOING BETTER?

THAT

THAT

WOULD

FREE

CS: I, OF COURSE, LOOK AT FROM OUR POINT OF VIEW, WE WOULD WISH CANADIAN BUSINESSMEN WOULD, IN ADDITION TO THE TRADITIONAL AREA, THEY ALREADY ARE INVOLVED IN OR HAVE AN INTEREST IN, THAT THEY

15 A LOOK AT OTHER MARKETS. HONG

HONG KONG AND WOULD DIVERSIFY MARKET. THERE ARE OPPORTUNITIES IN NEW AREAS COMING UP AND I THINK IT IS VERY MUCH UP TO THE CANADIAN BUSINESSMEN THEMSELVES TO LOOK FOR THE INFLUENCE OPPORTUNITIES. THE GOVERNMENT DOES NOT IN ANY WAY WISH TO OR DICTATE IN WHICH DIRECTION INVESTMENT SHOULD GO DEVELOPMENT SHOULD PROCEED.

OR JNDEED HOW

Q: DO YOU HAVE ANY EXPECTATION HOW THE TRADE RELATIONSHIP TRADE CONTINUES TO GROW BETWEEN THE TWO COUNTRIES?

HOW

AND

ECONOMY

CS: YES, TRADE BETWEEN HONG KONG AND CANADA HAS IN FACT INCREASED VERY SUBSTANTIALLY AND WITH THE INCREASING GLOBALISATION OF ECONOMIES, WITH HONG KONG AT THE HUB OF WHAT WILL BE THE FASTEST GROWING

THE COMING DECADE, I IN

CAN SEE TRADE SURGING DECREASING.

Q: ANY MORE SPECIFIC FIGURES ON THAT IT WILL INCREASE?

INCREASING

OUR TWO

NOT

PLACES

BELIEVE HAVE

CS: 1 AM NOT ABLE TO SAY IN PERCENTAGE TERMS HOW MUCH, BUT I THAT

LAST THE

THREE YEARS TRADE BETWEEN IN INCREASED BY 40 ODD PERCENT.

Q: (INAUDIBLE

CS: TIERS

YES,

POLITICAL DEVELOPMENTS IN HONG KONG)

THE

DISMANTLE ALL THREE THE CHINESE HAVE SAID THAT THEY WILL

ELECTORAL OF

WE BELIEVE THAT REPRESENTATIVE GOVERNMENT. ARRANGEMENTS WHICH HAVE BEEN APPROVED AND ENACTED BY OUR LEGISLATURE ARE FULLY CONSISTENT WITH THE BASIC LAW, THE JOINT DECLARATION AND THE UNDERSTANDING REACHED BETWEEN

THAT THEY THE TWO SOVEREIGN POWERS

PEOPLE OF HONG PROVIDE FOR FAIR, OPEN ELECTIONS ACCEPTABLE TO THE

LOCAL ELECTION KONG. WE HAVE JUST, AS I POINTED OUT, HAD THE FIRST

THOSE HAVE GONE WELL. WE BELIEVE THAT IN UNDER THE NEW ARRANGEMENTS. PRACTICE THEY WILL WORK WELL AND IF THEY WORK WELL, AND THE PEOPLE ARE TO HAPPY WITH THEM, I THINK THE CHINESE GOVERNMENT WILL, IF THEY WISH DISMANTLE. WILL HAVE TO EXPLAIN IN WHAT WAY THEY WILL

ΤΟ ACCEPTABLE AND WHY CURRENT ARRANGEMENTS WHICH ARE CLEARLY PEOPLE OF HONG KONG SHOULD BE DISMANTLED, BEARING IN MIND THAT SAID, THEY ARE FULLY CONSISTENT WITH THE JOINT DECLARATION

BASIC LAW.

Q: INAUDIBLE .....)

DISMANTLE IT,

THE AS I AND THE

BUT FINAL

WE WILL

CS: OF COURSE I ACCEPT THAT THE CHINESE CAN'T TAKE THAT DECISION, I SUGGEST AND I AM SURE THAT THE CHINESE GOVERNMENT IS MAKING A DECISION, AND AFTER ALL WE ARE STILL SOME YEARS OFF 1997. WISH TO TAKE INTO ACCOUNT THE VIEWS AND ASPIRATIONS OF THE HONG PEOPLE.

KONG

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