}

surprise to the local communist leaders. They had perhaps

forgotten that a very substantial proportion of the people

of Hong Kong consisted of refugees from the communist

regime in China who had "voted with their feet" for the

way of life with which Hong Kong could provide them.

4.

The economy of Hong Kong has shown quite remarkable

resilience in the face of the difficulties which confronted

the Colony during the last eight months of 1967. It has

suffered certain setbacks as a result of the disturbances

but its final trade figures for last year speak for

themselves. Hong Kong's imports, domestic exports and

re-exports for 1967 all showed increases over the

corresponding figures for 1966. In the case of domestic

exports the increase was 17%, a figure which represents the

highest growth rate since 1961.

5.

But the abandonment of violence does not mean that the

communists have ceased their campaign of confrontation in

Hong Kong. The expectation is that their efforts to

undermine authority in the Colony will continue unabated.

These efforts however will probably take the form of a long

term ideological struggle for the "hearts and minds" of the

people of the Colony.

6.

It may be thought that the recent decision by

Her Majesty's Government to withdraw their military presence

from Singapore and Malaysia by the end of 1971 will cause the

communists to redouble their efforts. But there is no

intention of reducing the strength of the Hong Kong garrison

and with our withdrawal from Singapore steps will be taken

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