TNAG-0212-FCO40-248-Departmental-briefs-on-Hong-Kong-1970 — Page 62

FCO40 Hong Kong Department Records 聯邦事務部香港部檔案 All

L

consent of the Legislative Council.

There are the

usual reservations to the Crown of the power of · disallowance and of the power to legislate by Order in Counel for the peace, order and good

government of the Colony.

Economic Structure

Hong Kong is firmly established as a light industrial

economy based on exports. It retains a very considerable

entrepot trade serving South East Asia and the Far East.

It is the fifth largest port in the world

m.

m.

Domestic exports in 1969 were £723 and re-exports

£184 Imports were £1044 m.

42% of all exports in 1969 went to the USA and 14%

to the United Kingdom.

National Income

son (1968)

Approximately £247 per annum per person

Public Finance

Estimated revenue 1970-71 £177 million

Expenditure

#

Expenditure

£164

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