MARTIN M. BRANDON BRAVO M.P. ¿
HONG KONG'S IMPORTANCE TO US IN THE UK.
HOUSE OF COMMONS LONDON SWIA OAA Tel. (0602) 830459 Fax. (0602) 830457
FROM
-
THE SO
CALLED
IN TRADE TERMS TAKING ACTUAL EXPORTS AND EARNINGS
SERVICES AND OTHER DIVIDENS, BANKING INVISIBLES - WE HAVE A SMALL SURPLUS.
THE
ANNUAL TURNOVER OF ALL BUSINESS BETWEEN US AND HONG KONG IS NO LESS THAN 4 THOUSAND MILLION POUNDS.
DIRECT EXPORTS ARE £1100 MILLION (IMPORTS £2000 MILLICH) WITH THOSE INVISIBLES IN EXCESS OF £1000 MILLION.
IMPORTANT TO CONSIDER JOBS HERE.
LAST YEAR:-
THE AIRBUS ORDER BRINGS £750 MILLION TO THE UK.
BICC £50 MILLION FOR PART OF A POWER STATION.
-
BABCOCK £70 MILLION
JOHN BROWN £40 MILLION
THIS YEAR
-
TURBINES
HAWKER SIDDLEY
£24 MILLION
DIRECT
LEYLAND BUS £7 MILLION AND OPTION FOR FURTHER
£4 MILLION.
INVESTMENT IS ARROUND 2 BILLION AND GROWING.
THE STOCK MARKET VALUATION
-
EVEN
CONTROLLED
WHICH IS PERHAPS OF
GREATER
OF BRITISH OWNED OR COMPANIES IS ESTIMATED AT ARROUND 20 BILLION.
IMPORTANCE
-
OUR BANKS HAVE COMMITMENTS OF ARROUND 19 BILLION.
FAMOUS NAMES LIKE MARKS AND SPENCER, HABITAT, MOTHERCARE AND BODY SHOP ARE THERE.
COMPANIES LIKE BAT, SHELL, ICI ARE NOT QUOTED ON THEIR STOCK MARKET SO OUR TOTAL INVOLVEMENT IS PROBABLY GREATER AND CLEARLY IS OF IMPORTANCE TO ALL OF US IN THE U.K.
EVEN
HERE
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