suffer, at least for a period of some years,
as a result of an enlargement of the Community.
There is also Hong Kong's position in the US
market to be considered. Here again, there
seems little doubt that for textiles at least
Hong Kong's share of the market will be
curtailed in one way or another.
Again, it
is by no means certain that Hong Kong will not
be put at some disadvantage vis à vis her
competitors in the Far East as a result of
the introduction of the Generalised Preferences
Scheme.
In all the circumstances I trust that
you will find it possible on reconsideration
tc agree to make the £400,000 available to
in the
9 her suggets.
Hong Kong, in the form of a grant for the
purchase of British equipment for the
technical institutes,
· 5 -
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