THE Queen yesterday delivered her shortest speech in living memory as she laid out Government plans on the opening of the new Parliament, with hardly a mention of the privatisation measures which have dominated previous years. With Prime Minister John Major now having abandoned plans to privatise the Post Office, the Queen's Speech was little more than 10 minutes long with the only privatisation measures affecting the Crown Agents and the Atomic Energy Authority. But it contained within it an assurance on Hong Kong as the Queen said the Government would 'continue to work for the long-term stability and prosperity of Hong Kong'. She added: 'They will seek to develop co-operation with China to implement the Sino-British Joint Declaration in the best interests of the Hong Kong people and the smooth transition in 1997.' The most controversial proposals will be a bill to increase Britain's contributions to the European Union. Some Tory MPs have already signalled their opposition, especially as it comes just a day after revelations of potentially massive budget frauds in some members states and poor accounting by Brussels. But a public warning that a revolt could bring down the Government has been sounded by the chairman of the backbench 1922 Committee Sir Marcus Fox. He warned yesterday that the Euro-rebels were raising the spectre of the Government's defeat and the possibility of a general election. 'I simply say to colleagues this is a vote of confidence in the Government. You can't mess about. Any amendment would in fact be seen to undermine the Government's credibility. That is what honour is about.' Shorn of the Royal Mail privatisation, the Queen's Speech reflected more a strategy of political stability than radical change. Other measures included a more competition in the gas industry, a job seeker's allowance and the establishment of a new Environmental Agency to oversee all aspects of pollution. Downing Street denies the Government has run out of steam but Labour and the Liberal Democrats insist it has lost its sense of direction. Conservative chairman Jeremy Hanley said the measures built on the party's success over the last 15 years. She outlined plans to equalise the state pension age for men and women and bring better quality and choice to the private pension sector. There would be moves to end discrimination against the disabled and she gave an assurance of close and constructive relations with the Republic of Ireland. for the continuance of the peace process.