3
could do at least some of their manufacturing operations
in Hong Kong to retain some of the Far Eastern market.
He was
not specially concerned whether it was Hong Kong,
Singapore or Manila, but a base in the Far East might help
were now losing business.
some firms who
Such firms will
be welcome in Hong Kong. There is a high degree of liquidity
Hong Kong did, however, rely
60
funds should be available.
on DOI to identify the firms required.
JL said that a study might be started in the Secretariat
but MM said preliminary work should be done in England and
PC agreed. JL said he would bring some ideas to Hong Kong
early next year. In answer to his question MM suggested he
The idea had come from Sandberg
should see Jeaffreson.
and it was
a new and useful element.
JL said that
investment abroad was good for trade though superficially
it was
sometimes thought to be bad. MM said it was
that was required but expertise.
not money
He thought Sir Arthur Knight
of Courtaulds had bitten. PC said that it was necessary to
someone from
was ΠΟ use sending a mediocre
It the top. get
man to trade in Hong Kong.
JL asked what major projects were in prospect. MM spoke about
the 70-80 million pound extension of MTR.
There was also the
KCR Electrification and the Lantau bridge for
which tenders
might be called in 1 to 2 years' time. JL asked about Hong
Kong Electric but it was
certain that such a station would
not
be built. PC asked about the sale of British ships. MM said
Kaufman had been very good.
ships away and if orders were
PC said that Britain was giving
landed would Hong Kong please say
how it had been done. MM said that Britain would not
น
orders abroad if they could not sell in Hong Kong and
agreed.
get
PC
MM asked that if a British industrialist got the
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PETIT, LIË MA