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Wednesday, March 28, 1973
economy."
"Such a rate," he said, "would create intolerable stresses in the
Mr. Jordan said that because we are calculating the percentage each
year on the higher base figure achieved the previous year, emphasis on the
percentage rate masks the actual increases."
Last year, the reduced percentage increases masked the fact that
for the first time in the past four years, the increase in the dollar value
of Hong Kong's exports was higher than in the previous year, he added.
Commenting on trading prospects, Mr. Jordan said his department would
"continue its efforts to protect our access to our markets, while the Trade
Development Council has an ambitious programme of trade promotion activities."
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