TNAG-0835-FCO40-1043-Foreign-and-Commonwealth-Office-seminar-on-the-future-of-Bri-1979 — Page 15

BERMUDA

ANNEX 2

1.

Size

2.

3.

Population

20 square miles

57,000

Present constitutional position: advanced ministerial form of government with elected House of Assembly and Upper House.

Budget expenditure (1978): £40,000,000

4.

5.

UK aid

budgetary

nil

6.

7.

total aid per capita nil

Main activities and sources of income:

Tourism

Offshore banking and insurance

Is expected

Prospects: economically self-supporting. to become independent within the next five years.

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