CONFIDENTIAL
grey areas, the period under review saw Hong Kong re turn
"business as usual".
to
35.
Looking ahead, Hong Kong's economy will continue to remain
highly dependent on trade and manufacturing. Clearly, important
factors will be consumer demand in Hong Kong's
the willingness of other
choice.
export markets and
con sumers freedom of
Governments to allow
If the Thurmond/ Jenkins Bill in the United States should
be passed into law, Hong Kong's trade would be adversely affected.
Otherwise, Hong Kong's economy is expected to hold up well. In the
financial sector over the next 12 months the Government in tends
develop further schemes for prudential su ervision of banks and
financial institutions.
to
v.
SOCIAL PROGRAMMES
36.
During the year the
has Hong Kong Government
pressed ahead
vigorously with its forward-looking social programmes to improve the
well-being of the people of Hong Kong.
(a) Housing
37.
performance
and
The territory was able to main tain its
achievements in public housing construction. The Housing Authority exceeded its annual production target of 35,000 flats for the sixth
successive
further 12,000 flats
under built
With
a
time.
record a
level of
over
the
Private Sector Participation Scheme and by the Housing Society,
public housing
reached construction
48,000
flats. Over 18,000 of these were for sale to the general public;
yet
another
record,
reflecting
property market.
Private
the
in and re-investment recovery sector housing production also increased
with about 30,000 new flats completed.
1985 saw the Hong Kong Government step up their squatter area
38.
clearance programme.
squatters in the urban
The ir
area over
being given to
those
currently
landslip.
object is to clear and
rehouse all
ten the next
on squatting
years, with priority slopes vulnerable
to
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12
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CONFIDEN TIAL
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