TNAG-0737-FCO40-941-Hong-Kong-annual-review-for-1977-1978 — Page 37

香港總督府

CONFIDENTIAL

H

FFICE

FORE AND

GOVERNMENT

HONG KONG

COMMONWEALTH

MAR 1978

ALLOCATIONS SECTION

8 March 1978

HKK 014/1.

RECE

13 MAR 1978

HONG KONG ANNUAL REVIEW FOR 1977

SUMMARY

51

Paragraph

2

3

4

LO

5

6 - 3

9

G.

Subject

INDEX

Hong Kong achieved 12% growth real terms.

Tem

Confidence has been little impaired either by the Multifibre Textiles Arrangement negotiations, or by the near-mutiny in the Police. Good relations with China have helped.

Substantial progress has been made in labour legislation, education, social welfare and social security housing, provision for leisure, roads and railways, reform of the New Territories Administration, and expansion and requirement of the Police Force.

The increase in real terms in public expenditure achieved in the budgets of 1977/78 and 1978/79 was 16% and 21% respectively.

The

The impact of protectionism. Hong Kong Government is encouraging both diversification of industry, and improvement of the British share of the market. The letter could also help to contain UK critics.

The near-mutiny of the Police came at a time when the joint efforts of Police and ICAC had turned the tide on crime and reduced corruption to acceptable levels.

CONFIDENTIAL