L
consent of the Legislative Council.
There are the
usual reservations to the Crown of the power of · disallowance and of the power to legislate by Order in Counel for the peace, order and good
government of the Colony.
Economic Structure
Hong Kong is firmly established as a light industrial
economy based on exports. It retains a very considerable
entrepot trade serving South East Asia and the Far East.
It is the fifth largest port in the world
m.
m.
Domestic exports in 1969 were £723 and re-exports
£184 Imports were £1044 m.
42% of all exports in 1969 went to the USA and 14%
to the United Kingdom.
National Income
son (1968)
Approximately £247 per annum per person
Public Finance
Estimated revenue 1970-71 £177 million
Expenditure
#
Expenditure
£164
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