HC Deb 01 April 1958 vol 585 cc137-8W
Mr. Robens

asked the Paymaster-General the total amount of American capital investment in oil refineries erected in Great Britain since January, 1946.

Sir I. Horobin

I assume that the right hon. Member is referring to gross capital expenditure on oil refineries erected in this country by subsidiaries of American companies. The figure is about £95 million. As the right hon. Member knows, these companies' capital expenditure is financed very largely by American funds.