TNAG-0843-FCO40-1053-Visit-of-Lord-Carrington--Secretary-of-State-for-Foreign-and-1979 — Page 73

SECRETARY OF STATE'S VISIT TO HONG KONG:

29

- 30 JUNE

BRIEF NO 10

Area:

Population:

HONG KONG: BASIC FACTS

(1978 figures)

except where

indicated

404 square miles

Approximately 4.8 million

98% of Chinese stock

2% expatriates and others

Per Capita GDP:

£1,455

Rate of inflation:

6%

BUDGET

Government revenue in 1978/79 (estimated): £1,090 million

Income Tax

15% (maximum)

Government expenditure in 1978/79 (estimated): £1,080 million

social services, including education

police, defence, administration etc

46%

19%

19%

4%

airport, harbour, external communications

12%

miscellaneous

transport, water supplies, amenities

TRADE

Total Domestic Exports:

Exports to UK:

£4,285 million (textiles and clothing:45%)

£530 million (textiles and clothing: 57.5%)

(cameras watches etc : 6.3%)

(radios TV's etc

: 4.7%)

Exports to UK (Jan

May 1979): £247 million - up 23.0% on Jan

-

May

1978

/(machinery