9.
But Hong Kong's location is far from being its only strength. In many ways, Hong Kong has made its own luck through the drive, enterprise, the adaptability of its remarkable people. It is no coincidence that the Hong Kong Government spends more on education and training each year
than on any other activity.
10. The best work-force needs a Government which sets the
right economic policies. The Hong Kong Government have done that for decades. This year, they were able to cut taxes, increase spending and still forecast higher revenues. Quite a
feat!
11. Hong Kong is the best advertisement I know for the
benefits of the free market and an open trading system. It
enjoys another advantage too: a clean and efficient
administration and a system of values founded on the rule of
law.
12.
These are precious assets. They are at the core of what
has made Hong Kong special and successful over the years. If that success is to continue, if Hong Kong is to remain
attractive to businessmen and investors, it is essential that
these assets are preserved.
13. That has been the goal of our policy for many years. The Joint Declaration, which Britain and China signed in 1984,
sets out in careful detail all the rights and freedoms which go to make up Hong Kong's way of life, and provides that this way of life will remain unchanged for 50 years beyond 1997.
14.
The British Government attaches the highest importance
to the full implementation of the Joint Declaration. One of
its key provisions is that by 1997 Hong Kong's legislature
pm.speech.ADMIN
JEB
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