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2045: PROHONGAID LONDON THREE:
GIS 392/77 (ADD)
ON HONG KONG'S ECONOMIC GRO..TH, SIR MURRAY SAID IT WAS EXPECTED THAT HYONG WOULD FINISH THE YEAR WITH EXPORTS UP IN REAL TERMS BY ABOUT FOUR PER CENT ON LAST YEAR.
HE SAID THE OVERALL FORECAST WAS FOR A GROWTH IN GENERAL TRADE AND THERE WERE MANY FACTORS THAT WERE ENCOURAGING. THE DEMAND BOTH IN UK AND AMERI
AUE E E E E
IN UK AND AMERICA WAS ERTAINLY PICKING UP AND ALL THESE THINGS COULD HELP HONG KONG.
TURNING TO THE CURRENT BILATERAL TEXTILE NEGOTIATIONS WITH THE EEC, SIR MURRAY REPEATED HIS REMARK IN HIS OPENING ADDRESS TO THE LEGISLATIVE COUNCIL LAST MONTH THAT THE OUTCOME WOULD BE A BLOW +BUT NOT A MORTAL ONE.+
THE NEGOTIATIONS RELATED TO AT THE MOST 10 PER CENT OF OUR TOTAL TRADE, HE POINTED OUT.
SIR MURRAY SAID IF THE OUTCOME OF THE TALKS LED TO A CUTBACK IN HONG KONG'S QUOTAS, IT WOULD NOT CAUSE A MAJOR PROBLEM OF UNEMPLOYMENT.
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2047: PROMONGAID LONDON FOUR:
GIS 392/77 (ADD)
+AT THE MOMENT E HAVE GOT VERY FULL EMPLOYMENT, THOUGH THE TEXTILE INDUSTRY IS NOT GOING THROUGH A VERY HAPPY STAGE, THERE ARE OTHER INDUSTRIES THAT HAVE TO BE PICKING UP LABOUR.
+THERE IS 300M IN CONSTRUCTION SO THERE IS NO MAJOR PROBLEM OF UNEMPLOYMENT.+
ON THE DEVELOPMENT OF SOCIAL ELFARE, HE SAID THE GOVERNMENT'S ACTION IN THIS AREA WOULD KEEP PACE WITH ECONOMIC GROWTH. AS EXAMPLES, HE CITED THE SERIES OF GREEN AND ..HITE PAPERS ON DEVELOPMENT PROGRAMMES FOR THE HANDICAPPED, THE ELDERLY AND YOUTH, AND THE NINE-YEAR FREE COMPULSORY EDUCATION.
INFORMS HONG KONG==REUTERS
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