TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 141

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機密

not differentiate

between the activities of

local

and

non-resident

firms

and

individuals;

(b) The

to

the

BTC has not yet developed its facilities

point where it can monitor UK

activities in the territory

comprehensively or offer a full data base of

UK statistics.

business

6.

Statistics

about the exact extent of the UK's

invisible earnings from Hong Kong are particularly

unsatisfactory. This paper, therefore, has little to say on

this subject.

7.

Another difficulty is how to define "UK" and

"British".

very narrow

In this paper,

sense to mean

these two terms are used in a

companies

whose

beneficial

UK. This approach is much

ownership is located in the

narrower than that adopted by the Honour Hong Kong campaign

and some leading business firms (e.g. Jardine Matheson).

They have taken the line that a UK connection should be

interpreted in a much broader sense, using the concept of

"British owned, controlled or managed" companies.

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