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CONFIDENTIAL

15

機密

Nevertheless,

the

HKG should maintain its efforts to ensure that

UK (like all the territory's

investment

foreign trade and

partners) is supplied with all the information

required to demonstrate how favourably Hong Kong compares

with other business locations in the region.

The Need for Further Research

35.

The

CPU's

the

current

research.

impression is that some of the blanks in

paper could be filled in through further

In addition,

It ought, for example, to be possible to gather

from various official UK sources fuller statistics on

invisible earnings from the territory.

sophisticated econometric analyses ought to make possible

statistical estimations which would allow the production of

reasonably credible "balance sheet" for the UK economic

relationship.

a

36.

Such an exercise has never, to the CPU's knowledge,

The two most significant

been carried out successfully.

previous efforts were:-

(a) In 1977, Mr.

C.J.M.

Hardie produced a

confidential report "The Economic and

Commercial Value of Hong Kong to the United

Kingdom", now outdated; and

CONFIDENTIAL #B

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