HC Deb 06 December 1955 vol 547 cc190-1
37. Mr. Green

asked the Chancellor of the Exchequer the present value of United Kingdom investments in the United States of America and in Canada, respectively; and how this level of investment compares with that obtaining at the end of December, 1951.

Mr. R. A. Butler

We have no means of assessing the market value of foreign investments; but the Bank of England estimate that at the end of 1953, the latest year for which figures are available, the nominal capital value of the United Kingdom's holdings of known stock exchange securities in the United States amounted to £172 million and in Canada to £156 million. The holdings at the end of 1951 were £131 million and £157 million, respectively. Much of our new investment in both these countries is not effected through the purchase of securities, and is not reflected in these figures.

Mr. Green

Can my right hon. Friend tell me whether these figures or any part of them are included in our gold and dollar reserves, as published monthly?

Mr. Butler

I should want notice of that question. I will then give my hon. Friend an answer.