TNAG-2212-FCO40-3172-Hong-Kong-annual-report-for-1990-1991 — Page 149

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Kong's air services agreements. New items were introduced into the Joint Liaison Group agenda, including arrangements for mutual legal assistance in criminal matters and for the

protection and promotion of investment between Hong Kong and

relevant countries.

7. With both sides' Senior Representatives now based

permanently in Hong Kong, the working methods of the Joint

Liaison Group developed in the course of 1990 to allow a

greater range of exchanges, both formal and informal, outside the main plenary sessions. This has been a helpful development which Her Majesty's Government have encouraged. In particular the two sides have agreed that they should aim to be more flexible in the future about arranging plenary meetings, perhaps having more than the traditional three a

year, but varying the length of each session according to

practical needs. It is hoped that this will contribute to a

speeding up the pace of the Group's work.

8.

The Sino-British Land Commission held three meetings in Hong Kong in 1990 - in March, July and December. Amongst other things, the Commission approved the Land Disposal

Programme for the period 1 April 1990 to 31 March 1991 and

agreed on the average cost of land production for the same

period.

9. Under the Joint Declaration, premium income from land

transactions is shared equally, after deduction of the

average cost of land production, between the Hong Kong Government and future Special Administrative Region

Government. At the end of 1990, HK$19.6 billion (£[

billion) had been credited to the account of the future

Special Administrative Region Government.

]

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