HC Deb 17 July 1962 vol 663 cc25-6W
30. Mr. Jeger

asked the Minister of Public Building and Works whether he is aware that the office of the National Assistance Board in Pontefract is situated in converted huts in a field outside the

dom balance of payments from invisible earnings, such as banking, shipping insurance and remittances of salaries and profits, in view of the fact that total sterling assets in Hong Kong have increased from £155 million in 1958 to £195 million in 1961.

Mr. Sandys

It is impossible to calculate satisfactorily the contribution made by Hong Kong to the balance of payments of the sterling area.

The cost of administering Hong Kong is borne wholly on the Colony's budget. The net annual cost to the United Kingdom of the British defence forces in Hong Kong is approximately £5.1 million, after deducting Hong Kong's annual defence contribution of £1.5 million.

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