not

with

end depending territories, in only wet details of

measures by third countries directly affecting

also

their specific interests, but with the necessary

general information and advice about trade

and economi developments in the world as a

whole on which they can base their patir

external trade policies.

Here the case of

Hong Kong is particularly relevant. Not only

do we have a responsibility to let the Hong Kong

government know about the changes in trade

policies of third countries which may directly

flow

affect the volume and fluidity of her exports in her most important ́e vital markets

to the country concerned, but, in view of the

overwhelming effect the Hong Kong's interests

largest

as one of the World's biggest exporters are so

varied and wide, we must also pass on information

about other developments wherever they take

interests are

place, irrespective of whether Hong Kongsi/ substantially involved

directly affected or not. Only in this way can

Hong Kong formulate a general external trade

policy.

3. In the days of the Colonial Office it was

the direct respondibility of its Economic

Relations Department to watch the interests of

dependent territories in this set of context,

but it is not now possible to identify a single

department that might take on this function in-

fact there is no obvious machinery any longer

Nevertheless it is still our

for doing 80:

responsibility to see that our dependent

/territories

NOTHING TO BE WRITTEN IN THIS MARGIN

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