Organisers of this year's annual folk music festival fear it could be the last because it is being held on the same weekend that the Rolling Stones appear at the Harbour Fest. They worry that the appearance of the veteran rock band will drive down attendances and bankrupt the folk festival, which is being held from November 7 to 9. 'Anecdotal evidence from our membership suggests that there is significant overlap between the two potential audiences, and we are concerned that if the Stones prevail we may find ourselves facing financial difficulties,' said the chairman of the Hong Kong Folk Society, Marshall Hughes. Mr Hughes said the folk society had approached the American Chamber of Commerce and InvestHK for compensation to help it break even in light of the clash in performances, but it was rebuffed. AmCham is organising Harbour Fest and the government's investment promotion arm, InvestHK, is picking up the bill with taxpayers' money. 'I had a polite reply from InvestHK saying that there was no money available,' Mr Hughes said. '[With the American Chamber of Commerce] the lady there said she would make sure somebody would get back to me, but that was two weeks ago and I have heard nothing since. 'It would be a tragedy indeed if our 24-year-old Hong Kong organisation were to be placed under threat because of a one-off, high profile event and official indifference to our situation.' InvestHK would not comment directly on the society's claims but said: 'A myriad of events in recreation, sport and the arts is being organised here to provide entertainment to the international and local community from all walks of life throughout the year. 'The fact that there is a variety of different events available on any one day demonstrates that Hong Kong is a truly cosmopolitan city.' AmCham chairman James Thompson said: 'All I can say is that we could not pay the Hong Kong folk festival any money. This is government money and not ours to distribute in any manner we like. 'It's unfortunate but I don't think our event alone could bankrupt the folk music festival.' Mr Hughes said he originally hoped to attract more than 500 people to this year's folk festival, which will feature the British-based Katheryn Tickell Band and a host of local and international folk groups. Announced just three months ago, the three-week Harbour Fest coincides with a multitude of parties and concerts that started in the middle of this month and run until early next month, all competing for entertainment dollars. They include next weekend's Gay and Lesbian Film Festival, this weekend's Rockit music festival, the ongoing German Film Festival (running until November 2) and Legends of China Festival (until November 28), highlighting different aspects of Chinese culture through music, dance and puppetry.