LONDON (August 24): A SPECIAL 10-page supplement dealing with investment and development in Hongkong, published by The Times today, said the question persisting there is if and when China will bring the Colony to an end. 'No one in Hongkong knows the answer and, for as long as this is so, money will continue to pour in and profits boom,' it said. 'If confidence in the future can be measured by the height of new buildings, in Hongkong it is rising . . .' The Times supplement said it was logical that China should not pronounce the death sentence. Many Europeans believed that when the lease of the New Territories fell due on July 1, 1997, the Colony would cease to exist since the rest of the Colony would be untenable without the industry and airport located there. 'But the Chinese view is that none of the treatise with Britain over Hongkong has any validity, and is therefore just as likely to argue that China will not bat an eyelid when the lease falls due,' The Times Supplement said. It went on to say that recently new factors had emerged that had increased confidence in the Security of the Colony. 'Apart from the rapprochement between Peking and the West, making a Chinese takeover of international business interests in Hongkong less likely, Sino-British relations have never been better, largely because of Britain's change of policy on the Taiwan question,' it said. 'As a result, relations between Hongkong and Peking appear warm and are officially described as friendly and effective.'