§ Sir R. Russellasked the Chancellor of the Exchequer what is the total value of United States investment in the United Kingdom, and of United Kingdom investment in the United States of America, respectively.
§ Mr. Roy JenkinsThe available information is as follows:
ESTIMATED VALUE OF PRIVATE INVESTMENTS AT END-1967 (£ million) UK assets in USA USA assets in UK Direct investments* 1,050 1,550 Portfolio investments: principal UK financial institutions† 1,050 .. other .. .. Oil industry investments‡ 250 600 Miscellaneous investments .. .. Notes: .. indicates not available; the attribution by individual countries of the total value of private investments is incomplete. All estimates are approximate. * At book values. Excluding oil and banking. For insurance, UK liabilities are excluded, but the UK assets figure includes an estimate from American sources of some £500 million. † Portfolio holdings of investment and unit trusts (excluding investment dollar premium) at market values; portfolio holdings of UK insurance companies at book values. Market valuations have increased during 1968. ‡ Figures from American sources.