TNAG-0247-FCO40-283-Exchange-of-newsletters-between-Foreign-and-Commonwealth-Off-1970 — Page 34

central Kowloon for the construction of a luxury hotel for

a price of Hong Kong Dollars 130 million (£8,937,780.-) which

was over 5 times the upset price.

That British firms are at last preparing themselves to

share in this prosperity is evidenced by the increasing number

of British trading Missions now visiting Hong Kong. In this

quarter five Missions came to Hong Kong (the London, Birmingham

and Sheffield Chambers of Commerce, the National Wool Textile

Export Corporation and the Lighting Industry Federation).

seemed to be well satisfied with results achieved which in

some cases resulted in orders running into 7 figures for a

single Mission.

All

Even Macao is beginning to share this prosperity although

this is largely confined to the tourist industry. One of the

biggest hotel complexes in the Far East is now at last nearing

completion. An order for a bridge to link Macao with Taipa

Island has been placed with a local Chinese firm and the

Macao Electric Company, recently infused with fresh life by

the addition of several new directors, is buying new

generating plant to cope with increased demands.

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