IS
DAILY INFORMATION BULLETIN-SUPPLEMENT
ISSUED BY GOVERNMENT INFORMATION SERVICES BEACONSFIELD HOUSE, HONG KONG TEL 5-233191
FRIDAY, APRIL 18, 1980
GOVERNOR ADDRESSES INTERT.NKC MEETING
Following is the speech by the Governor, Sir hurrey hacLenose,
to the Annual General Meeting of Intertanko in Manila on april 18, 1980.
INTRODUCTION
I would like today to survey briefly the economic growth of
East Asia and how it has been paralleled by a growth of shipping in the
region, and with particular reference to the dramatic growth in the tonnage
owned by shipowners in Hong Kong.
THE ECONOMIC GROWTH OF THE REGION
Within the last 15 years there has been extraordinary growth in
most of the economies of the Far East. For the majority, the growth
started even earlier. But to avoid an accusation that the high growth
rates were merely the product of a very low starting point, I prefer to
ignore what happened more than 15 years ago for the purpose of what I
have to say today.
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/In terms
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