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メ
membership, reasons which still apply.
However I should mention that, in the event of
our joining the Communities, we should of
course adopt their offer under the UNCTAD
Scheme which would give Hong Kong textiles
duty free entry into the United Kingdom within
certain defined limits. The question of
reducing tariffs into the enlarged Communitie
Y
is (of course)
N
a subject which we should be
itige
happy to discuss with the Hong Kong Government
at the
after enlargement proceedings had concluded.
It would not be very practicable for me to
speculate on what would happen after enlargement
in this field. As for using part of Hong Kongs
reserves held in the U.K. to aid her economy,
this is naturally a subject which we should
wish to review most carefully in the light of
later events; but again I think it might be
unhelpful if I were to pronounce on what is
essentially still a hypothetical question.
I should like to end by assuring you that
the British Government is very well aware both
of the interest of Hong Kong in our negotiations
and of the questions which the success of
negotiations would raise for her. My own
recent visit to the territory was a most useful
opportunity for me to review this question and
to study the conditions of the territory at
first hand. I need hardly add, that for more
than mere economic reasons, the British Govern-
ment has a strong interest in seeing that the
future prosperity of Hong Kong is safeguarded
so far as possible.
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