Meanwhile, the United States Tariff Commission began to study the
8½-cents-a-pound cotton export differential at the direction of President
Kennedy. Genuinely alarmed, Hong Kong business groups hired Dean
Acheson, lawyer and former American Secretary of State, to represent them
before the Commission and help to retain the price differential.
The textile volcano erupted again in March, 1962, when the colony
government, acting under the one-year agreement that went into effect
the previous October, banned eight categories of textile exports to the
United States. The Hong Kong _Tiger Standard_, clamorous advocate of the
textile interests, excoriated the move as a prelude to economic ruin.
Pandemonium ran through the industry. The government ban was lifted
almost immediately. Prospects of a peaceful solution seemed as poor as
ever.
On September 6, 1962, the U.S. Tariff Commission voted to retain the
8½-cent export differential and rejected a proposal to raise the duty on
cotton imports. This action coaxed the Hong Kong manufacturers out of
their sulks, but it sent the American textile-makers into a fresh tantrum.
Hong Kong’s motion picture industry is one of the world’s most prolific,
and least-known, producers of feature films. More than 300 feature-length
pictures were made in 1961 by its six major studios and scores of
independent producers who rented working space from the big studios. All
were in Cantonese or Mandarin, aimed at the Overseas Chinese market in
Taiwan, the Philippines, Southeast Asia and elsewhere. Mandarin features
are generally based on heroic or historical themes, with rich costuming
and elaborate sets; each one takes 35 to 40 days of shooting and costs
around $40,000. A few Mandarin films have contemporary stories. Cantonese
films, usually drawing on time-tested plots from Cantonese opera, can be
run off in 10 or 15 days for less than $20,000 and are more popular than
Mandarin with the Hong Kong fans.
As might be guessed from their shooting schedule, many of these quickies
are rubbish. But the quality of the Mandarin films has improved, and a
few super-productions costing as much as $175,000 are made every year.
Hong Kong films have won top honors at the East Asian Film Festival for
the last four years.
The Shaw Brothers, Run Run Shaw and Run Me Shaw, bill themselves with
typical cinematic restraint as The Greatest Purveyors of Entertainment in
the Far East, and are the kings of the local industry. Late in 1961 they
moved their Hong Kong organization into a modern and elaborate studio at
Clearwater Bay in the New Territories. Its four sound stages were to be
increased to six within a few months, and its employed force numbered
several hundred, plus an equal number of low-paid extras.
Public-domain text, read in full here on John Shaqi.
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