TNAG-2736-FCO40-3944-Hong-Kong-role-of-the-Legislative-Council-(LEGCO)-1994 — Page 17

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on the 1st of July 1897. is to screp all those arrangements, particularly if those arrangements are working well. Would that be for the stability and prosperity of Hong Kong? I very much doubt that.

PRESENTER: But, you see, we've heard even today from Beising, the Foreign Ministry saying that the tabling of these first section of reforms has not only sabotaged the telks, it's going to affect the whole range of Sino-British relations, which includes economic and

tradv relations, and that must surely be or concam to the people of

Wene Kangi

MICHAEL SZE: I think the thing is I don't know whether it concerns the

People of Hong Kong. We've just had another record in the stock market

here. It's risen another three hundred something points. Yesterady

with the land sale we had a record price for that piece of land and

people are happily going about their Christmas shopping. So I am not

Sure.

FRESENTER: Mr. Sze, is the colony on the a collision: course now with

Beijing?

MICHAEL SZE: I don't think so. I think the thing is the Chinese, of

which I am one, are very pragmatic people. And in three and a half years time. it will be part of China. Why would they cut off their

nose to spite their face?