TNAG-1361-FCO40-1807-Hong-Kong-Hansard-reports-and-minutes-of-the-meetings-of-the-1985 — Page 378

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growth rate of 52%. The products covered

by the Corporation remained consistent with

the overall pattern of our total exports,

with textiles and clothing accounting for

38%, radios and electronic components for

10%, and toys for 9%.

3.

Sir, when speaking on the

Corporation's Report and Accounts for 1982/83

a year ago, I said that the difficulties

facing the Corporation were not yet a thing

of the past. I can now report that the

worst is over. The recovery in demand in

world markets for Hong Kong's manufactures,

having continued into 1984/85, has led to

rapid growth in the volume of the Corporation's

business. At the same time there has been

a sharp decline in the incidence and severity

of claims made on the Corporation, a trend

which is likely to continue throughout the year.

/4.