XN000022-1994-11-13 — Page 2

SUNDAY, NOVEMBER 13, 1994

GOVERNOR ARRIVES IN USA AT START OF OFFICIAL VISIT

IN

GOVERNOR, THE

THE RT HON CHRISTOPHER PATTEN, ARRIVED ANGELES ON NOVEMBER 12 (LOS ANGELES TIME) WITH A POSITIVE MESSAGE THE US BUSINESS COMMUNITY TO CONTINUE INVESTING IN HONG KONG.

LOS FOR

SPEAKING TO THE MEDIA ON ARRIVAL AT LOS ANGELES INTERNATIONAL AIRPORT AT THE START OF A WEEK-LONG OFFICIAL VISIT TO THE WEST COAST OF THE UNITED STATES, MR PATTEN SAID THAT HE WOULD BE TELLING BUSINESS LEADERS IN CALIFORNIA ABOUT HONG KONG'S ECONOMIC PROGRESS AND ITS INVESTMENT IN THE INFRASTRUCTURE.

"I'M HAVE

IF

HAVE

KONG, GOING TO BE ENCOURAGING THEM TO COME TO HONG

TO AND NOT DONE SO ALREADY, TO INVEST IN HONG KONG CONFIDENCE IN OUR FUTURE," SAID MR PATTEN.

THEY

MR PATTEN SAID HE WOULD BE GETTING ACROSS THE MESSAGE THAT HONG KONG IS DOING SPLENDIDLY AND WILL CONTINUE TO DO WELL INTO THE FUTURE, PARTICULARLY IF

THE AROUND IT HAS THE UNDERSTANDING OF ITS FRIENDS WORLD.

MR PATTEN POINTED OUT THAT ALL THE ELEMENTS WHICH HONG KONG SUCH AN IMPORTANT BASE FOR INTERNATIONAL COMPANIES AND TO THEIR OPERATIONS IN THE REGION WOULD CONTINUE AFTER 1997 DUE TREATY BETWEEN THE UNITED KINGDOM AND CHINA.

HAVE MADE

FOR

THE

"THE

KONG WILL JOINT DECLARATION GUARANTEES THAT HONG

WHAT BEING ADMINISTERED AFTER 1997 FOR 50 YEARS AS IT IS TODAY. MEANS IS THE RULE OF LAW CONTINUING, WITH BUSINESS CONTINUING TO

THE A

WHAT IT MEANS IS CLEAN GOVERNMENT, LEVEL PLAYING FIELD. AWARD OF CONTRACTS AND GRANTS AND FRANCHISES," SAID MR PATTEN.

GO

ON

THAT

HAVE CLEAN

NOTING THAT THERE ARE ALREADY ABOUT 100 FACTORIES IN HONG

PEOPLE, WHICH ARE OWNED BY US INTERESTS, EMPLOYING ABOUT 20,000 PATTEN SAID THAT MANY AMERICAN FIRMS ARE COMING TO LOOK AT HONG TO SEE HOW THEY COULD EXTEND AND DEVELOP THAT INVESTMENT.

KONG

MR KONG

MR

KONG AND THE PATTEN POINTED OUT THAT TRADE BETWEEN HONG UNITED STATES RUNS AT ABOUT US $41 BILLION A YEAR, AND ABOUT ONE-FIFTH OF IT IS TRADE BETWEEN HONG KONG AND CALIFORNIA.

THE

WEEK IN

AND

FOLLOWING THE FIRST LEG OF THE VISIT IN LOS

ANGELES,

TRAVEL GOVERNOR WILL

THE TO SAN FRANCISCO, AND COMPLETE SEATTLE. HE WILL MEET SENIOR STATE AND CITY OFFICIALS, BUSINESS COMMUNITY LEADERS, AND GIVE KEYNOTE SPEECHES IN EACH CITY.

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