#T
CONFIDEN TIAL
50 years
Region of
restore the
after Hong
Kong becomes a Special
Administrative
the People's Republic of China in 1997, did much to
confidence of the people of Hong Kong, who for the
previous two years had felt uncertainty and anxiety about what the
future held in store. Following the announcement of the agreement
the future looked much more assured.
54.
It remains the policy of Her Majesty's Government to maintain
confidence in Hong Kong and to promote its stability and prosperity.
So far as
the development of representative government is concerned,
following the recent changes in the composition of the Legislative Council, the coming year will be a period of consolidation
reforms
which
have
than of new initiatives.
satisfactory,
of the
ou t
rather
already been carried
On the economic front, the outlook is
notwithstanding the possibility that the growth rate
of demand for domestic exports in Hong Kong's main export markets
will be low; employment is expected to remain stable and the rate of
inflation low; the recovery of the property market is likely to
continue; and the prospects for a re turn to a balanced budget in
1986-87 are good. The Sino-British Joint Liaison Group and Land
Commission have got off to good starts.
55.
Her Majesty's Government remain committed to the territory of
Hong Kong and to its people. They will continue to fulfil their
responsibilities for Hong Kong's sound administration and to look
after Hong Kong's interests internationally.
They will work to
smooth implementation of the Sino-British
ensure
the
and
to preserve economic prosperity
Declaration,
stability.
and
Joint
social
18
CONFIDEN TIAL
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