§ 23. Mr. Errollasked the Chancellor of the Exchequer the total of Canadian dollars made available by the Treasury to British firms for the purpose of capital development in Canada since the end of the war, and the total of Canadian dollars remitted to the Treasury as dividends for these investments in Canada.
§ Mr. Maudling,pursuant to his reply [OFFICIAL REPORT, 18th June, 1953; Vol. 516, cols. 1174–5], supplied the following information:
The total of Canadian dollars made available by the Treasury to British firms for the purpose of capital development in Canada since the war is estimated at £35 million approximately. This figure covers direct remittances only. It does not include the value of goods exported without payment, funds borrowed locally under U.K. guarantee, or profits reinvested, all of which contribute to capital development by British firms.