Hong Kong telegram Unnumbered to Commonwealth Office
2
However Mister Curran also criticised sensational American Press reports about Hong Kong situation.
"American papers exaggerated what was happening and completely misinterpreted it" he said.
Mister Curran forecast increasing prosperity for Hong Kong but it would be through change in business pattern.
He said "Hong Kong will slowly begin to make more and more of its money from entrepot trade and less from its own manufacturing.
"In other words a swing back to business situation which used to exist.
Sitrep Three.
Hong Kong people are being invited to put forward suggestions on how colony can maintain its overseas image and originators of most interesting ideas on subject will earn themselves a return air trip to Japan.
Sponsored by Victoria Junior Chamber, Hong Kong Tourist Association and Cathay Pacific Airways contest has been organised, as part of coming Hong Kong week festivities.
Official of [corrupt word] said publicity would be given to opinions of contestants in overseas Press.
Hong Kong Standards Stock Exchange Correspondent reported that stock market gathered more strength yesterday confirming an upsurge of investor confidence.
Total turnover for day was two million eight, hundred seventy thousand repeat 2,870,000 dollars bettering Monday's figure of two million one hundred fifty thousand repeat 2,150,000 dollars which largest in past few months.
Market performed in an aggressive mood and any offerings were snapped up immediately. Correspondent reported a large quantity of explosive was seized by police this evening during a six hour search at a construction site in Yau Tong Bay in Kowloon. Explosives comprised one hundred forty eight sticks of gelignite and fifty six detonators.
Site has been cordoned off and search will be resumed first thing in morning.
Ends.
Informs.
Sir D. Trench
DEPARTMENTAL DISTRIBUTION
H.K. Dept.
Sent 0050Z 28 September Recd 19212 27 September
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I, and G. Dept.
News Dept.
F.O.
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Far Eastern Dept.
Overseas Police Adviser J.I.P.G.D.
Overseas Labour Adviser J.I.R.D.
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