8
8
Sa
[5.0]
She felow
mi
Je.m.
ther sin
Trade
ause,
5
Cv.
C
funds.
Report
Misc 445.).
(Repart
M' Enstaros
May
We
to the reply whinch
HE. Bader
interesting.
3.10.34.
comments
enclosed
ey
have four observations
be sent to (8)?
13/11/34-
Should
This letter and its enclosure are most
Hong Kong's entrepôt trade is decreasing. The question is what is to be done to maintain Hong Kong's prosperity.
In a free trade world, the answer would be
comparatively simple:
industrial development, for
which Hong Kong has three advantages, cheap labour. security and a large and potentially vast market at her
door.
There appears interd
to be
no
real alternative
pection
This is the policy which Hong Kong have been tending to adopt so far as they have adopted any policy
at all. But in the present day world. it has several disadvantages:-
1.
It does not fit in with the policy of
Imperial preference. The Trade Commissioner would be
prepared, I gather, to sacrifice Imperial preference if
2.
i need be. The Governor does not go so far as that.
The Chinese market might be shut at any day if security was re-established there and a policy of
Effectively
protecting home industries introduced.
A decision on this important question of
howers policy is, not required, and I suggest that it will be
sufficient
Page
sufficient to reply at present that the
Secretary of State has seen this letter and read
it with interest, that the question raises
consos
very difficult and involved decisions on major
policy, that no doubt the Economic Commission's
report will discuss the matter, and that we
shall await their report with interest.
Gemand
17-9
74.
The ewhepot trade of 415
Las
reaubly
decreased for the
real on
only that
the track passing thony wut the world
has lecia.ed.
In
her case
the
Successive
china's import
me realer
7
Tariff
has reduced the traffic,
orat
lealt
the legitimate
Fathic which
is recorded in Blue books.
Page
As regards
HK's
industrial
activity, it wi
ir
manufacturing
not be right to think that this
a
new
in chance
Lad
a very
Feature of the Colony. For
it has
life. But
jeme past
important ship-building
aus in
to the ship building
Centres, tais interest has been
the doldrums for the past thrice
سمتم
four years
in particular. But
mbber
9.
other indushies have increased
age 9
age 9
Page
Page
factories.
what
question in
feel
als
th regard
Genf 4K
ん
10
This
is That
shu not be judged simply by
ge 10
she
Th
standand
of preferences shown
m
Ler
tariff list, but
that she shr
be given
credit
or he castly
important servici
service which she
con Ibute
Hors
British enterprice
the Empire
in
maintain herself.
base
the prosperity of
her effort
M
a
first-rate
British trade of every sort
in the Far East.
In many rejects the
Reffords preferential treatment to
Birtich shuthing f
tracking
which does not-
ting, Financial
enterprise
& in sout
appear
weme
in a rarift list, & if she
reduced to the position of a
mere fortress without
great
loss to
& lost her
The
in the
economic importance.
Brfish indre by
For East might well be p
severe.
SerGant.
20.11
C.L.M. Gans
very
2071
ge 10Page 11
11