 of promises made by Beijing to the people of Hong-Kong. These include:
\u239\'95 A high degree of autonomy, except in foreign and defense affairs, which will be the responsibility of Beijing.
\u239\'95 An executive, legislative, and independent judicial power with the current laws remaining "basically unchanged."
\u239\'95 An executive appointed by Beijing on the basis of local elections or consultations, and "accountable to the legislature."
\u239\'95 A legislature constit uted by elections,, which "may on its own authority enact laws in accordance with the provisions of the Basic Law and legal procedures, and report them to the Standing Committee of the National's People's Congress for the record.',
\u239\'95 "The laws of the Hong Kong Special Administrative Region shall be the Basic Law, and the laws previously in force in Hong Kong and laws enacted by the Hong Kong Special Administrative Region legislature."
\u239\'95 Laws previously in force in Hong Kong "shall be maintained, save for any that contravene the Basic Law and subject to any amendment by the Hong Kong Special Administrative Region legislature."
\u239\'95 Judicial power in Hong Kong "shall be vested in the courts of the Hong Kong Special Administrative Region. The courts shall exerc ise judicial power independently and free from any interference .... The power of final judgement ... shall be vested in the court of final appeals in the Hong Kong Special Administrative Region."
\u239\'95 "The Hong Kong Special Administrative Region shall maint ain the capitalist economic and trade systems previously practised in Hong Kong .... The Hong Kong special Administrative Region shall retain the status of a free port and continue a free trade4
policy, including the free movement of goods and capital. The Hong Kong Special Administrative Region may on its own maintain and develop economic and trade relations with all states and regions."
\u239\'95 "The current social and economic systems in Hong Kong will remain unchanged, and so will the life-style.';Rights and freedoms, including those of the person, of speech, of the press, of assembly, of association, of travel, of movement, of correspondence, Of strike, of choice of occupation, of academic research and of religious belief will be ensured by law .... Priv ate property, ownership of enterprises, legitimate right of inheritance and foreign investment will be protected by law."
\u239\'95 Hong Kong will remain a separate customs territory. It will remain an international financial center,, "and its markets for foreign exchange, gold, securities and futures will continue. There will be free flow of capital. The Hong Kong dollar will continue to circulate and remain freely convertible."
\u239\'95 The SAR will have independent finances and Beijing will not levy taxes on Hong Kong.
\u239\'95 "Mutually beneficial economic relations!' may be established with the United Kingdom "and other countries, whose economic interests in Hong Kong will be given due regard."
\u239\'95 Under the name "Hong Kong, China," the SAR "may on its own maintain and develop economic and cultural relations and conclude relevant agreements with states, regions and relevant international organizations."
\u239\'95 Hong Kong may issue its own travel documents and maintain its own public security forces.
\u239\'95 IlApart from displaying the national flag and national emblem of the People's Republic of China," Hong Kong "may use a regional flag and emblem of its own."
\u239\'95 "The Hong Kong Special Administrative Region shall maintain the educational system previously practised in Hong Kong."
The PRC promised in the Agreement that'the above policies would be enshrined in a "Basic Law of the Hong Kong Special Administrative Region of the People's Republic of China." The Basic Law will stipulate that after 1997 "the socialist system and socialist policies shall not be practised in the Hong Kong Special Administrative Region and that Hong Kong's previous capitalist system and life-style shall remain unchanged for 50 years."- 5 -
An ev aluation of the e