XN000022-1972-03-29 — Page 63

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Wednesday, March 29, 1972

Earlier, the Financial Secretary had said that he was grateful

to his Honourable Friend Mr. Salmon for mentioning the question of the

renewal of quota controls over Hong Kong's exports of cotton textiles to

the United Kingdom, for the conditions under which Hong Kong had to conduct

its trade was of the utmost importance.

He recalled that when reporting the results of trade talks with

Her Majesty's Government in London in January, he indicated that, at the

end of the talks, a position had been reached where both sides had been

moving towards a measure of agreement.

"But from Hong Kong's point of view, not sufficiently so to meet

our objectives."

"I said then that we had remained in correspondence with Her

Majesty's Government subsequent to my return from London," he said.

I

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