#
other means.
DSR 11C
To offer general encouragement to enterprise, we have
Kux
reduced the higher rates of income/ from the intolerable
levels set by our predecessors. We have lifted unnecessary
restrictions like exchange controls. We have striven,
within the limits imposed by wider economic policy
considerations or external constraints, to cheapen credit
for industry and commerce and we hope to see further falls
in interest rates.
The framework for enterprise built by my Government is also
there to be used by the overseas company which wishes to
manufacture in Britain itself. The United Kingdom can be a
springboard to wider markets, and you must look at us as
such.
Sector
The service of
of our economy remains strong too. Last year
saw a record total of more than £26 billions invisible
receipts. Our invisibles sector contributes £150 million
net surplus each month to our balance of payments. Rising
investment overseas should contribute to further growth in
our invisible receipts. This is
where Han Kang herselfs is
& fue jul.
course an ana
particularly one brave
The British economy is on the move again. What does all
this mean for trade between us? As our economy picks up so
we can expect to import more. That is already starting to
It is a reflection of normal economic forces and
happen.
it will help Hong Kong.
- 6 -