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1
£170 million a year.
Furthermore, although the visible
trade balance is in Hong Kong's favour (by some £700
million, including re-exports, in 1988), Hong Kong has
provided a large source of invisible earnings
earnings for the
United Kingdom estimated at about £1 billion a year.
Lastly, in the context of British involvement in Hong Kong,
we should certainly not forget the
the very
significant
contribution made by British managers.
5.
British
In measuring the extent of the very considerable
in Hong Kong, we have a slight
involvement
problem. We do not keep statistics just for fun, and
frankly, we are not So concerned about where
investment
comes from, as long as there is investment and
and it is
reputable. We do not discriminate between local and
foreign companies, and our records generally do not
differentiate between the activities of local and
non-resident firms and individuals. So I cannot Erom the
limited information resources available provide you with a
comprehensive and definitive assessment of the full extent
of United Kingdom investment in Hong Kong.
/6.
In the