1992-12-04 18:55 COMMS OFFICE (GOVT HOUSE)
852 526 0995 P.08
IN PRESENT CIRCUMSTANCES, IS TO ABANDON A POSITION WHICH I BELIEVE TO
BE RATIONAL, TO ABANDON A POSITION WHICH HAS COMMENDED ITSELF TO THE
LEGISLATIVE COUNCIL ON MORE THAN ONE OCCASION, BUT I REPEAT THAT I
REMAIN KEEN ON DIALOGUE, KEEN ON RATIONAL DISCUSSION, AND KEEN ON
MOBILISING AS MUCH CONSENT AS POSSIBLE FOR THE ARRANGEMENTS THAT WILL
NEED TO BE IN PLACE FOR 1995. THE GOVERNMENT OF HONG KONG, THE
BRITISH GOVERNMENT, HAVEN'T, EITHER OF THEM, IMAGINED THE NECESSITY OF
PUTTING IN PLACE ARRANGEMENTS FOR 1995, SINCE NO SUCH ARRANGEMENTS AT
PRESENT EXIST.
TAM YIU-CHUNG: THANK YOU, GOVERNOR.
LIVELIHOOD.
THE QUESTION THAT I'M GOING TO
RAISE IS NOT A POLITICAL ISSUE BUT IT'S RELATED TO PEOPLE'S
BEFORE I CAME TO THIS MEETING TODAY I HAD A YOUNG FRIEND
WHO ASKED FOR MY HELP. HE HOPED THAT THROUGH ME HE WOULD BE ABLE ΤΟ
RAISE A QUESTION WITH YOU, GOVERNOR. TODAY AND YESTERDAY, UP TO THIS
MORNING, THE STOCK MARKET HAS PLUMMETED BY 500 POINTS AND HE HAS LOST
AND
A MAJOR PART OF THE MONEY THAT HE WOULD HAVE SPENT ON HIS WEDDING
THEREFORE HE IS VERY UNHAPPY. GOVERNOR, COULD YOU IN ANY WAY TRY AND
MAKE HIM HAPPIER AND PUT HIS HEART AT EASE.
GOVERNOR: I WOULD VERY MUCH LIKE TO PUT ANYBODY'S HEART AT EASE,
WHETHER SOMEBODY ABOUT TO GET MARRIED AND CONCERNED ABOUT LOOKING
AFTER HIS NEW FAMILY PROPERLY, OR ANYONE ELSE WHO IS INVESTING ON THE
STOCK MARKET. I WOULD POINT OUT TO ANYONE IN THAT POSITION THAT STOCK
MARKETS DO HAVE A HABIT OF GOING UP, AND INDEED DOWN. THAT THE HANG
SENG INDEX, I BELIEVE I'M RIGHT IN SAYING, STANDS ABOUT THREE TIMES AS
HIGH TODAY AS IT DID THREE YEARS AGO, AND THAT THAT REPRESENTS THE
UNDERLYING STRENGTH OF THE HONG KONG ECONOMY. I DON'T THINK IT WOULD
SENSIBLE FOR THE GOVERNOR OF HONG KONG TO ATTEMPT TO TAKE CREDIT
THE HANG SENG INDEX WENT UP, AS IT HAS BEEN OVER THIS
BE
WHEN
YEAR, I
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