2
growth rate of 52%. The products covered
by the Corporation remained consistent with
the overall pattern of our total exports,
with textiles and clothing accounting for
38%, radios and electronic components for
10%, and toys for 9%.
3.
Sir, when speaking on the
Corporation's Report and Accounts for 1982/83
a year ago, I said that the difficulties
facing the Corporation were not yet a thing
of the past. I can now report that the
worst is over. The recovery in demand in
world markets for Hong Kong's manufactures,
having continued into 1984/85, has led to
rapid growth in the volume of the Corporation's
business. At the same time there has been
a sharp decline in the incidence and severity
of claims made on the Corporation, a trend
which is likely to continue throughout the year.
/4.