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189
her Extract Don Ken hele grath June 18, 1969
1024
AMERICA IS TOP AMERICA
COTTON SUPPLIER
Of Hongkong's annual raw cotton imports, now approaching one million bales from more than 20 countries, the biggest portion about 40 per cent last. United States.
year came from the
i The Hongkong cotton textiles industry imported 90 per cent of its raw materials.
This was said by the Chair- man of the Hongkong Cotton Spinners' Association, Mr Vin- cent Woo, speaking at a dinner the Association held in the Hotel Miramar in honour of the visit- ing U.S. Maid of Cotton, Miss Cathryn Muirhead.
On the other hand, Mr Woo said, it was gratifying that the U.S. had come to buy the major part of Hongkong's textile ex- ports "and is our foremost and most valued customer,'
I
Goodwill
'y!!
"We are deeply conscious, and we are genuinely appreciative, of Hongkong's state of prosperity being intimately related with the build-up and maintenance goodwill in the American mar- ket.
of
"I do not hesitate to voice the sentiment of my colleagues that we highly and emphatically value this relationship. This is a message I hope America's am- bassadress who is with us will take back and broadcast to the 'American people."
Vitality
Mr Woo pointed out that, al- though the Colony was a tiny spot on the map, it had come a significant role in international trade, and to put free trade into practice. It had" demonstrated the vitality and effectiveness of the system of free enterprise.
It also served as a centre of communications between East
and West in many ways.
“And I may add that President Nixon, having visited Hongkong many times, is reported to think well of Hongkong's performance- and prospects," he said.
Compared wiln 21
DUL JAUN
$21.4 million in April last year
an increase of $18 million. The otal revenue for the month wax $187.5 million $32.2 million more than the amount - collected in April, 1988.
The most significant increase was in revenue, from sales of land," a Government spokes- man commented.
Revenue from land sales in April was $14 million, compared with only about $2 million for the same month, last year.
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