TNAG-2103-FCO40-2995-Future-of-Hong-Kong-exchanges-with-the-Chinese-on-the-Basic--1990 — Page 83

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port" and "shall be a separate customs territory".

The bases for Hong Kong's economic success will

therefore continue after 1997.

(E) Political System

0313P

Chapter IV provides foc the continuation Of the

present division of power between the executive, the

legislature and the judiciary. Steady evolution in

the pace of direct election up to 2003 in the

legislature has been

provided

for.

The SAR will

decide solely on its own its composition beyond

then. Both the CE and the whole legislature will

ultimately

be

returned by universal suffrage. The

Hong Kong SAR will therefore achieve full democracy

members elected in 1995 can

eventually. Leg Co

become members of the first SAR legislature and

serve until 1999. A high degree of continuity will

thus be maintained, ensuring a smooth transition in

1997.

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