TNAG-0281-FCO40-317-Visit-of-the-Chancellor-of-the-Duchy-of-Lancaster-to-Hong-Ko-1970 — Page 195

Visit of the Chancellor of the Duchy of Lancaster

to Hong Kong

September, 1970

Speaking Notes on questions which may be raised at

Press Conferences

Effect of improved labour conditions on

Hong Kong's trade

Hong Kong has shown that her industry is both competitive and flexible and that it can produce a wide range of high

quality goods. The Colony should have nothing to fear from

embracing improved labour conditions and modern technology,

both of which go hand in hand.

From Hong Kong's trading figures there appears to be

no evidence whatever that her exports have been affected

by improving labour conditions.

The improvement in Britain's balance of payments and the possibility of investment and joint enterprises in Hong Kong

Britain's balance of payments position has been

improving, and we hope this will continue, but of course

much progress has still to be made, and we cannot afford

to relax the measures that have led to this welcome

development.

Investment in Hong Kong by private individuals

or business concerns in the U.K. is entirely a matter for

these individuals or concerns.

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