TNAG-2126-FCO40-3036-Investment-in-Hong-Kong-1990 — Page 49

FLASH

MARTIN M. BRANDON BRAVO M.P.

2154701

HOUSE OF COMMONS LONDON SWIA OAA

Tel. (0602) 830459 Fax. (0602) 830457

HONG KONG'S IMPORTANCE TO US IN THE UK.

THE

FROM

SO CALLED

IN TRADE TERMS TAKING ACTUAL EXPORTS AND EARNINGS DIVIDENS, BANKING INVISIBLES

THE

AND OTHER SERVICES

- WE HAVE A SMALL SURPLUS.

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 MILLION) 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

DIRECT

HAWKER SIDDLEY

-

TURBINES

£24 MILLION

LEYLAND BUS £7 MILLION AND OPTION FOR FURTHER

£4 MILLION.

INVESTMENT IS ARROUND 2 BILLION AND GROWING.

EVEN

THE STOCK MARKET VALUATION WHICH IS PERHAPS OF

IMPORTANCE GREATER

OF BRITISH OWNED OR CONTROLLED COMPANIES IS ESTIMATED AT ARROUND 20 BILLION.

-

OUR BANKS HAVE COMMITMENTS OF ARROUND 19 BILLION.

FAMOUS NAMES LIKE MARKS AND AND BODY SHOP ARE THERE.

SPENCER, HABITAT, MOTHERCARE

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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