ENG-1958 — Page 56

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THE TEXTILE INDUSTRY in all its branches-from the production of yarn to the making-up of finished garments-is now Hong Kong's largest and most valuable industrial asset. In 1958 the Colony's cotton mills earned $320 millions in foreign exchange and the various branches of the garment- making industry $437 millions. Because spinning and weaving is largely a post-war industry, Hong Kong's bigger mills have the advantage of modern machines and equipment. This helps them in a most competitive world market.