શું
ן.
HOFO::15/15
PP TOK YO
GRPS 780.
CYPHER/CAT A
1KK 21/4
FM HONG KONG 150958Z
CONFIDENTIAL
[Repetitions only,
NO DISTRIBUTION
→ Hong Kong Dr. (for wif.)
LO
TO PRIORITY TOKYO TELNO 2 OF 15TH JANUARY, 1973.
FOLLOWING FROM GOVERNOR.
CRATEFUL FOR ANY COMMENTS ON THE FOLLOWING DRAFT FOR MY SPEECH
AT SACEBO. IN PARTICULAR DO YOU THINK IT WOULD DE PRUDENT TO POINT UP THE MORAL MORE FORCIBLY?
BEGINS
THIS SHIP IS YET A FURTHER EXAMPLE OF WHAT IS ACHIEVED WHEN THE BUSINESSMEN OF HONG KONG AND JAPAN GET TOGETHER.
1. BECAUSE HONG KONG IS SO SMALL IT IS HARD TO REALISE HOW GREAT AN INFLUENCE IT HAS ON TRADE. ITS VISIBLE FOREIGN TRADE, FOR INSTANCE, IS 2/3 THAT OF AUSTRALIA AND 1 1/3 TIMES BIGGER THAN THAT OF INDIA AND IT IS THE 21ST LARGEST TRADING UNIT IN THE WORLD.
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2. QUITE APART FROM VISIBLE TRADE IT GENERATES AN EXTRAORDINARY AMOUNT OF DUSINESS ACTIVITY WHICH DOES NOT SHOW IN ITS TRADE FIGURES. TO TAKE AN EXAMPLE: IN THE LAST TEN YEARS HONG KONG RESIDENTS HAVE PLACED IN JAPAN ORDERS FOR OVER TWENTY MILLION TONS OF SHIPPING, AND I HAVE NO DOUBT THAT DY 1980 THEY WILL PLACE ORDERS FOR ANOTHER THIRTY MILLION TONS. EXCLUDING SHIPPING, OVER THE PAST TWO DECADES THE TOADE BETWEEN JAPAN AND HONG KONG MAS MAGDLASED LY 16 TIMES
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