HC Deb 16 December 1964 vol 704 cc98-9W
Mr. Ellis Smith

asked the Chancellor of the Exchequer if he will set out in the OFFICIAL REPORT the total investments, loans, etc., made abroad by British subjects in 1938, and for each year between 1950 and 1964, respectively.

Mr. MacDermot

Figures of United Kingdom private investment abroad, net of disinvestment, are given below for the years 1952 to 1963 and for the first half of 1964. Those for the third and fourth quarters of 1964 will appear in the December, 1964, and March, 1965, issues ofEconomic Trends, published by Her Majesty's Stationery Office. Similar figures for earlier years are not available.

A note on pages 32 to 34 of United Kingdom Balance of Payments, 1964, prepared by the Central Statistical Office and published by Her Majesty's Stationery Office, explains the changes which have been introduced in the composition of this series.

capital borrowing from the Public Works Loan Board; and when he will implement this policy.

Mr. Callaghan

As I have told the House, I am considering whether some means can be found of mitigating the effect of the increase in Bank Rate on the housing programme. Longer-term policy on interest rates on housing loans will be considered when the review of housing subsidies and finance currently being undertaken by my right hon. Friends the Minister of Housing and Local Government and the Secretary of State for Scotland have been completed.