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Icking account of other cost increases in Hong Kong it is now the case that Hong Kong prices can be matched in any linos by UK domestic manufacturers and the cheaper end of the market which Hong Song used to supply is now looking to imports from India, Pakistan and nine so far as quotas and quality will allow. The trend away from Korea and Taiwan is said to be due to a number of UK iuportere aly fzo evay from these sources of supply owing to bad experiences last year arising from UK import restrictions and from poor quality morchandise.
5. The disincentive to imports from long Long which the depreciation of sterling is causing was exemplified by Me mofuel of most morticiants in the recent DC Business Mission from Long Long to accept orders insterling and the reluctance of buyers to place orders in US or Hong Kong dollars.
Enc.
SAWJ/IMG
S.A. Webb-Johnson
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