HC Deb 11 June 1951 vol 488 cc170-1W
Mr. J. Morrison

asked the Secretary to the Treasury what is the present total of British investments in the United States of America.

Mr. J. Edwards

Nominal capital value of United Kingdom holdings of quoted U.S. domestic securities (including those pledged with the Reconstruction Finance Corporation) are estimated as follows:

Expressed in terms of £million
End of Year At $4.03=£1 At $2.80=£1 $ million
1945 88 — 354
1946 80 — 321
1947 76 — 306
1948 75 — 302
1949 — 115 322
1950 — 117 328

The sterling figures up to 1948 come from a pamphlet published by the Bank of England entitled "United Kingdom Overseas Investments 1938 to 1948."