TNAG-2412-FCO40-3507-Hong-Kong-Port-and-Airport-Development-Strategy-(PADS)-pres-1992 — Page 26

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COVERNOR : THAT SIMPLY DOESN'T STAND · UP. MR GALSWORTHY SAID ON JUNDAY THAT IT WAS ABSURD TO ARGUE THAT IT WAS IN BREACH OF THE JOINT DECLARATION OR THE MEMORANDUM OF UNDERSTANDING.

I POINT OUT THAT

WAS A CHINESE OFFICIAL WHO SAID THE OTHER DAY THAT IT WOULD BE PERFECTLY REASONABLE TO CONSIDER USING THE LAND FUND TO INVEST IN THE PROJECT.

THANK YOU VERY MUCH INDEED.