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Hagkang Standard Надкад
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Textile quota
will spur on Hongkong, says Sir Murray
THE GOVERNOR, Sir Murray MacLehose yesterday described "as not a mortal blow," Britain's deci- sion to continue the quota restric- tion on Hongkong's cotton textile and to introduce the tariff on January 1972.
Sir Murray was speaking at the opening ceremony of the 29th Exhibition of Hongkong Products at New Waterfront Road, which is sponsored by the Chinese Manu- facturers' Association.
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Hongkong, he said, would still be guaranteed
quota which allowed us to supply one tenth of all the woven cotton textiles im- ported by Britain.
"Our knitted goods would not be subject to tariff nor a quota,” he said.
AM
"The United Kingdom would
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*7.
SIR Murray and Lady MacLehose being greeted at the Chinese Manu- facturers' Association exhibition at New Waterfront Road, by Mr James Wu, vice-president of the Chinese Manu- facturers' Association.
remain an important and pro- fitable market for us," he added.
Sir Murray
expressed con- fidence that the challenge posed to Hongkong by, the resurgence of protectionism among our trading partners would stimulate our industrial and businessmen to even greater efforts and achievements.
Hs said he hoped that Hong- kong could anticipate a return to more stable trading conditions, al- though at a slower growth rate than we had come to expect in recent years,
Jack, sempurna deplasata oli palju vai vper via i tha pár vita deler ole varma ve eden v
by
Ricky Cheung
Referring to Hongkong's ad- referendum agreement with the United States on man-made fibres and wool textiles, the Governor said that for the Government's part, the onus would involve basically two things.
First, he said, the restraints had to be operated in a fair and flexible
that SO manner,
the business community could reap the maximum benefit from their limited access to the American
market.
Secondly, Hongkong must en- sure she was not less fairly treated than others, he stressed.
The Governor mentioned that Hongkong's response to various challenges had produced some en- couraging trends.
He cited a greater awareness of the need to introduce new produc- tion methods and management techniques and to develop new products.
However, the chairman of the CMA, Dr. Chuang Chung-wan in his speech asked the Governor fo help accelerate the implementation of recommendations by the Indus- trial Training Advisory Committee, the Polytechnic Planning Com- mittee and Loans for Small Indus- try Committee of the Trade and Industry Advisory Board, in order to achieve better productivity, and management techniques.
Meanwhile the Governor point- ed out that foreign industrialists were becoming increasingly interested in establishing manu- facturing facilities in the more sophisticated sectors of industry.
But Dr Chuang pointed out that both local and foreign indus- trialists are most concerned about Government's present policy in the re-assessment of Crown rents for leases coming up for renewal.
He pleaded with the Govern- ment to revise the policy so as not to inhibit industrial development, cause grievances and create hard- ship to many industrialists.
He hoped that this important Issue could be resolved to the benefit of Hongkong's industry, and the community at large.
10/12/11