ON the National Day of Luxembourg, I would like to thank many of her friends for their kind wishes. It has been another constructive and prosperous year. Luxembourg's continuing efforts to promote European political and monetary union are gaining support as evidenced by the forthcoming signing of the Maastricht Treaty, while the duchy has been named European Capital of Culture. It is also heartening to note that the old duchy will soon be linked to the French bullet-train network, thus further improving its access to the rest of Europe. Successful economic missions, to China and Singapore and Thailand, have revealed a desired programme of orientation and of forging closer ties with the Asia-Pacific. Luxembourg will have much to contribute in services and technology, and well represented in Hongkong are three distinguished institutions: Banque Generale de Luxembourg, Cargolux and Cedel, the international clearing and settlement company. It has been my pleasure to witness their useful roles in the healthy development of the capital market and in their promotion of contacts between the Orient and Europe.