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TRANSCRIPT B: HONG KONG SELECT COMMITTEE MEETING
22 MAR 89
13
KR. TAYLON ·
built-in
I would certainly accept that the terminology used would be very welcome in many Western countries and a sort of ?????? in order to balance budgets, but the key thing is whether business in Hong Kong feels that the provisions in these articles do provide the degree of independence in monetary, currency and international trade arrangements sufficient to preserve the free
enterprise and trade system
FOREICH SECRETARY:
Yes. That is precisely the question which, in the last resort, bas to be answered by those most directly accountable to
i think. the opinion that is being reflected,
As I understand it, it is the business community that is most attracted to the provisions implicit in these articles, but I have no doubt that even the business community are probably divided and we shall have to see how the Basic Law Drafting
Committee Judges the best balance.
MR. TAYLOR:
From the representations you have received so far,
you are the right track in this..
+
you
think
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