HC Deb 26 July 1961 vol 645 cc63-4W
Mr. Skeet

asked the Chancellor of the Exchequer if he will give the total of direct investment by British companies in the European Economic Community, specifying the separate totals for every member country.

Mr. Barber

Direct investment—other than investment by the oil and insurance industries—by British companies in the European Economic Community in 1959, the latest year for which detailed information is available, totalled £15.6 million. The totals for separate countries are as follows:

Investment in: £ million
Western Germany … … 6.5
Belgium … … 4.5
France … … 3.4
Italy … … 1.8
Disinvestment in:
Netherlands … … 0.2
Luxembourg … … 0.4

Mr. Skeet

asked the Chancellor of the Exchequer if he will give the total of direct investments by companies in member States of the European Economic Community in the United Kingdom, giving details of the amount invested by industry.

Mr. Barber

Direct investment—other than investment by the oil and insurance industries—by companies in member States of the European Economic Community in the United Kingdom for 1959, the latest year for which information is available, totalled £7.7 million. The totals for separate industries are as follows:

Investment in: £ million
Vehicles and Shipbuilding 1.4
Other manufacturing 8.1
Distribution 2.0
Disinvestment in Other Industries 3.8