HC Deb 05 July 1965 vol 715 cc172-3W
Mr. Barber

asked the Chancellor of the Exchequer how many chairmen of companies have now told him it was their intention to go ahead with overseas investment and that it was their shareholders who would suffer; and approximately what proportion of the nation's direct overseas investment is represented by the overseas assets of those companies.

Mr. Callaghan

A number of company chairmen have told me of their intention to proceed with selective overseas investment, and for this reason they urged more favourable treatment of shareholders who would otherwise suffer. As to the second part of the Question I have not made an estimate.