§ Mr. Onslow
asked the Chancellor of the Exchequer what he estimates was the average rate of return from British private investment in developing countries in 1965–66; and what return he anticipates in 1966–67 and 1967–68, respectively.
§ Mr. Callaghan
The available figures relate to United Kingdom private direct investment (other than oil) in developing countries. They are(i) Book value of net assets at end-1963: £1,339 million.123W(ii) Earnings (including re-invested earnings) on United Kingdom investment in 1964: £137 million.(ii) is about 10 per cent. of (i).
I regret that information for later years is not available.