Long Ken -la lances
1676-1970
A. QUOTA
Heads of unem at
Hong Kong's exports during the period shall be restrained under a separate country quota for Hong Kong to be naministered by export Licensing in Hong Kong with matching licences issued autom:tically by the Board of Trade to British importers against copies of Hong Kong export licences.
Note
The Board of Trade undertake to see whether the dual licensing system nood be continued in respect of Hong Kong's exports immediately after the proposed mooting of the Cotton Textiles Committee in Genova.
B. LEVEL
The overall level of Hong Kong's country quota for 1955 will be 135 million square yards for products restrained under the 1963-5 Undertaking.
2.
There will in addition be extra yardage for newly restrained products based as far as practicable on the annual average of Hong Kong's exports of these items for the three years 1962-1964.
3.
C. CROWTH
The lovel for yarns will be 6.3 million pounds.
There will be a growth factor of 1% per annum to apply in 1967 and in each succeeding year to the previous year's overall level and to each of the group and category levels.
Note
Should the growth of domestic consumption of cotton goods increase markedly in excess of the expected rate, the Board of Trade undertake to consider the possibility of allowing increased growth. to all restricted suppliers.
D.
GROUPS
Within the overall yardage the following separate group levels will apply :
(i) Made-ups and Garments : 85 million square yards
: 30 million square yards
(ii) Finished Piscegoods
There will be no group level for locmstate piecegoods.
2.
Yardage may be transferred from the made-ups and garments group into either the finished plucogoods groups or the loomstate
/group without ...
CONT
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