HC Deb 05 July 1968 vol 767 c274W
Mr. John Fraser

asked the Chancellor of the Exchequer if he will publish figures showing, for 1966, 1967 and for the first half of 1968, the approvals given for the export of capital to Greece from the United Kingdom, distinguishing between premium and non-premium capital.

Mr. Roy Jenkins

Approvals were given for United Kingdom direct investment in Greece of £1,105,000 in 1966, £188,000 in 1967 and £196,500 between January and end-June, 1968. Within these totals investment currency accounted for £374,000 in 1966, £140,000 in 1967 and £92,000 to end-June 1968. Finance for the balance of these projects was approved on the basis of exports free of payment, foreign currency borrowing and a small amount of official exchange. Investment in quoted foreign currency securities can be freely undertaken by United Kingdom residents with investment currency: no specific permission is in general required.