7.
L
ART FROM THESE DEVELOPMENTS IN TRADE AND TOURISM JAPANESE
BUSINESS HAS BEEN TAKING AN INCREASINGLY PARCE DIRECT STAKE IN
THE ECONOMY OF HONG KONG, JAPAN 15 NOW SCCORD ONLY TO THE UNITED
STATES AS A SOURCE OF OVERSEAS INDUSTRIAL INVESTMENT. IN ADDITION
JAPANESE FIRMS HAVE RECENTLY OBTAINED SEVERAL OF THE MAJOR CONTRACTS
FOR PUBLIC WORKS. THESE HAVE INCLUDED THE EXTENSION OF THE RUNWAY TO
TI. AIRPORT, AND A NEW DESALTING PLANT TO INCREASE WATER SUPPLIES-
THE LATTER THE BIGGEST PLANT OF ITS KIND IN THE VORLD. THESE TWO CONTRACTS ALONE WERE WORTH US DOLLARS 70 MILLION, AND I AN AWARE OF
CONSIDERABLE JAPANESE INTEREST IN THE POSSIBILITY OF CONSTRUCTING
AN UNDERGROUND RAILWAY, FOR WHICH THE FIGURE, AT 1971 PRICES IS EXI ECTED TO BE OVER US DOLLARS 1,100 MILLION.
S. I HAVE SAID ENOUGH I HOPE TO ILLUSTRATE THE INCREASINGLY ECONOMIC
THES BETWEEN JAPAN AND HONG KONG. WE ARE HERE TO DO HONOUR TO THE
greet BIRTH OF A GREAT SHIP, THE WORLD VICTORIA', BUILT IN A FAMOUS Gunching
JAPANESE YARD TO THE ORDER OF A HONG KONG OWNER. WE WISH HER A LONG
AND SUCCESSFUL LIFE THAT WILL BRING CREDIT TO HER BUILDERS AND
PR FIT TO HER OWNERS AND HAPPINESS TO ALL WHO SAIL IN HER,
9. WE FROM HONG KONG WOULD ALSO RESPECTFULLY BRING TO YOUR ATTENTION
OU HOPES FOR FURTHER INCREASES ON TRADE IN OTHER WAYS. WE
TOTE YOU WILL AGREE THAT IT WOULD BE TO YOUR INTEREST AS MUCH
AS TO OURS IF THESE TIES COULD BE YET FURTHER DEVELOPED AND
STRENGTHENED IN THE YEARS TO COME.
ENI S
MACLEHOSE
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SEPT AT 10512/15 EJH
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