FOR its 24th year, the Hong Kong Arts Festival brings world-class artists alongside the finest local talents, setting the pace of arts development in Hong Kong. Festival 'firsts' include the Canadian Opera Company's double bill of 20th century operas directed by Robert Lepage, an exciting Latin American Series headed by Julio Bocca and Ballet Argentino. We welcome the NDR Symphony Orchestra, the Amsterdam Baroque Orchestra, the Lyon Opera Ballet, Cheek by Jowl and all the distinguished artists who will make the 1996 Festival memorable. We thank the Hong Kong Arts Development Council, the Royal Hong Kong Jockey Club and the Urban Council for their vital support. MARTIN BARROW Chairman, Hong Kong Arts Festival Society