cct;/
Euner
AND COMMONWEALTH OFFICE
HTTX 14/2
DIPLOMATIE RECORT No. 142/78
General Distributic.
ribution
HONG TRONG
3 March, 1979
HONG KONG
ANNUAL REV TEW FOR 1977
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SUMMARY
:
Hong Kong achieved 12% growth in real terms, (paragraph 2).
+
2. Confidence has been little impaired either by the Multifibre Textiles Arrangement negotiations, or by the near-mutiny in the Police. Gool relations with China have helped, j (Paragraph 3).
2
3. Substantial progress has been made in labour legislation, education, social welfare and social security, hoging, provision for leisure, roads and railways, reform of the New Territories Administration, and expansion and requirement of the Police Force (paragraph 4) =
The increase in real terms in public expenditure achieved in the budgets of 1977/73 and 1978/79 was 15% and 01% respectively, (paragraph 5).
5. The impact of protectionism.
[6.
6.
The
Hong Kong Government is encouraging both diversification of industry, and improvement of the British share of the market. The latter could also. help to contain ! critics, (pavegraphs 6-8).
nt
The roop-mutiny of the Police come
time when the joint efforts of Folice pad ICAC had turned the tide on crime and reduced corruption to
acceptable levels (panegraph 9).
CONFIDENTIAL
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