relevant countries.
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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 the 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, a total of HK$19.6 billion
(£1.4 billion) had been credited to the account of the
future Special Administrative Region Government.
(d) Other Contacts with China
10. Working contacts between Hong Kong and China have increased rapidly in recent years as the interdependent relationship, particularly with neighbouring Guangdong
Province, develops. The importance of such contacts was
highlighted by the Governor in his annual policy address to
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