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WEDNESDAY, FEBRUARY 6, 1991
ACTING CS COMMENTS ON GULF FUND CONTRIBUTION
KONG SHOULD
GRAHAM SCENE
COMMENTING ON THE ISSUE OF WHETHER HONG
то CONTRIBUTE
MR THE GULF FUND, THE ACTING CHIEF SECRETARY, BARNES, SAID HONG KONG IS VERY MUCH A PART OF THE INTERNATIONAL AND IT WOULD BE JUDGED BY ITS TRADING PARTNERS ON THE BASIS OF WHAT IT DOES AT THIS STAGE TO HELP.
TO REPORTERS BEFORE THE LEGISLATIVE SPEAKING
COUNCIL MEETING THIS (WEDNESDAY) AFTERNOON, MR BARNES SAID: "THIS IS AN INTERNATIONAL ISSUE AND IN THE END HONG KONG IS LIKELY TO BE AFFECTED BY IT.
"THE GOVENMENT ACTUALLY DIDN'T FEEL THAT IT WOULD BE RIGHT JUST SIMPLY FOR HONG KONG TO STAND ASIDE AND DO NOTHING TO HELP.
MR BARNES SAID THE FIRST SUGGESTION OF IT CAME WHEN HONG KONG'S TRADING PARTNERS, IN PARTICULAR ALL AROUND ASIA, PUT
VERY IN
SUBSTANTIAL HELP INTO IT.
"IT WILL BE VERY CLEAR TO EVERYBODY THAT HONG KONG WILL BE THE JUDGED BY THEM, AND BY THOSE WHO ARE TAKING A MORE ACTIVE PART IN WAR, ON THE BASIS OF WHAT WE DO AT THIS STAGE.
I
AS "SO
WE ARE VERY MUCH PART OF THE INTERNATIONAL SCENE, DON'T THINK WE COULD AVOID HAVING TO CONSIDER THIS MATTER, ESPECIALLY AS WE IN OUR TURN MAY NEED HELP FROM OTHERS.
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MR BARNES SAID THE ADMINISTRATION WAS PUTTING A PAPER TO THE FINANCE COMMITTEE THIS WEEK PROPOSING A CONTRIBUTION.
"BUT OF COURSE, IT WILL BE UP TO THE MEMBERS OF THE FINANCE COMMITTEE TO DECIDE WHETHER TO VOTE THE MONEY OR NOT," HE ADDED.
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SHARE OF U.S. IN HK'S DOMESTIC EXPORTS FALLING
聿
ECONOMIC DEPARTMENT THE UNITED FALLING
IN RESPONSE TO MEDIA ENQUIRIES ON THE FINDINGS OF AN
TRADE BANK LAST WEEK, A REPORT PUBLISHED BY THE HONGKONG OFFICIAL SAID TODAY (WEDNESDAY) HONG KONG'S DEPENDENCE ON DOMESTIC EXPORTS HAD BEEN STATES AS A MARKET FOR ITS RECENT YEARS.
THE REPORT SHOWED
THAT, AFTER
IN
MAKING ADJUSTMENTS FOR HONG KONG'S TRADE FLOWS ASSOCIATED WITH OUTWARD PROCESSING IN CHINA, THE RELATIVE IMPORTANCE OF THE U.S. AS A FINAL DEMAND DESTINATION FOR HONG CENT IN 1979 ΤΟ HONG'S DOMESTIC EXPORTS IN FACT ROSE FROM 33.6 PER 37.6 PER CENT IN 1989.
"THE REPORT DRAWS ITS CONCLUSION ON THE BASIS OF A COMPARISON BETWEEN THE TRADE FIGURES FOR 1979 AND 1989. ANOTHER PICTURE EMEROES IF ACCOUNT IS TAKEN OF CHANGES IN THE INTERVENING PERIOD, OFFICIAL SAID.
THE
/"BEFORE APPLYING
+