MARTIN M. BRANDON BRAVO M.P.
HONG KONG'S IMPORTANCE TO US IN THE UK.
HOUSE OF COMMONS LONDON SWIA OAA Tel. (0602) 830459 Fax. (0602) 830457
FROM
THE SO CALLED
IN TRADE TERMS TAKING ACTUAL EXPORTS AND EARNINGS DIVIDENS, BANKING
AND OTHER
SERVICES
INVISIBLES WE HAVE A SMALL SURPLUS.
THE ANNUAL TURNOVER OF ALL BUSINESS BETWEEN US AND HONG KONG IS NO LESS THAN 4 THOUSAND MILLION POUNDS.
DIRECT EXPORTS ARE £1100 MILLION (IMPORTS £2000 MILLION) WITH THOSE INVISIBLES IN EXCESS OF £1000 MILLION.
IMPORTANT TO CONSIDER JOBS HERE.
LAST YEAR:-
THE AIRBUS ORDER BRINGS £750 MILLION TO THE UK.
BICC £50 MILLION FOR PART OF A POWER STATION,
BABCOCK £70 MILLION JOHN BROWN £40 MILLION
THIS YEAR
DIRECT
HAWKER SIDDLEY
-
TURBINES
£24 MILLION
LEYLAND BUS £7 MILLION AND OPTION FOR FURTHER
£4 MILLION.
INVESTMENT IS ARROUND 2 BILLION AND GROWING.
MARKET VALUATION IMPORTANCE
THE STOCK
WHICH IS PERHAPS OF
OR GREATER
OF BRITISH OWNED COMPANIES IS ESTIMATED AT ARROUND 20 BILLION.
EVEN
CONTROLLED
OUR BANKS HAVE COMMITMENTS OF ARROUND 19 BILLION.
FAMOUS NAMES LIKE MARKS AND AND BODY SHOP ARE THERE.
SPENCER, HABITAT, MOTHERCARE
COMPANIES LIKE BAT, SHELL,
ICI ARE NOT QUOTED ON THEIR STOCK MARKET SO OUR TOTAL INVOLVEMENT IS PROBABLY GREATER AND CLEARLY IS OF IMPORTANCE TO ALL OF US IN THE U.K.
EVEN
HERE
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