HC Deb 30 January 1956 vol 548 cc82-3W
Major Legge-Bourke

asked the Chancellor of the Exchequer the values of the overseas investments of the United Kingdom in 1913, 1919, 1924, 1927, 1932, 1938, 1946, and at the latest convenient date, respectively; and what has happened to those securities taken over by the Government during the Second World War which were not actually sold.

Mr. H. Macmillan

I regret no figures are available which show the complete value of all United Kingdom investments abroad at market prices. Estimates have however been made from time to time of the nominal capital value of United Kingdom overseas investments known to the London Stock Exchange.

End of Year £ million
1913 approximately 4,000
1920 between 3,200 and 3,700
1929 3,738
1932 3,641
1938 3,545
1946 2,329
1953 2,013

No estimates are available for 1919, 1924, or 1927; instead, estimates for 1920 and 1929, which are the nearest years available, are given.

With regard to the second part of the Question, as was stated by my predecessor on 3rd February, 1955, these securities have been retained in the ownership of Her Majesty's Government except for various minor changes at various times. This is still the position.