Commonwealth African States (British Assets)

HC Deb 17 May 1971 vol 817 cc881-2

38. Mr. Biggs-Davison

asked the Secretary of State for Foreign and Commonwealth Affairs what is the total value of British assets expropriated in Commonwealth African States since January, 1966; and to what extent compensation has been obtained.

Mr. Anthony Royle

It is not practicable to give the figure sought by my hon. Friend. Negotiations have been completed or are in train between the Governments concerned and some companies affected.

Mr. Biggs-Davison

Is it not the case that, despite sanctions and bans of various kinds, there has been no expropriation in Southern Africa? Should not this be borne in mind when assessing our economic interests north and south of the Zambesi respectively?

Mr. Royle

I have noted my hon. Friend's remark, which is in substance correct. My hon. Friend was sent detailed information on 27th August last, and I can, if he wishes, send him further information, as it is available, about expropriations and settlements since that date.