§ 3. Mr. Cantasked the Chancellor of the Exchequer whether, in view of the public concern about the problem of long-term capital imports and exports, he will initiate an official cost-benefit analysis of foreign investment.
§ Mr. CallaghanSome aspects of this important matter are already under study and further research may become necessary.
§ Mr. CantDiscounting the de Gaullist sentiments contained in Question No. 11, may I ask my right hon. Friend whether he does not find it strange that the Governor of the Bank of England thinks that foreign investment is absolutely vital, whereas Mr. Catherwood of N.E.D.C. thinks that capital investment abroad is the source of all our problems?
§ Mr. CallaghanI should get into deep waters if I were to try to reconcile the conflicting statements of those who make pronouncements outside the House.
§ Mr. SpeakerHon Members should not anticipate other hon. Members' Questions.