§ Mr. Bishop
asked the Chancellor of the Exchequer what were the balance of payments figures on the combined current and long-term capital accounts for each quarter of the years 1964 and 1969, respectively, with figures of the overseas investment in Great Britain for each period; and how the end of the year figures of the balance of payments compared with the target set.
§ Mr. Taverne
The information is as follows:
The full results for fourth quarter will not be published until March but it is 94W probable that in the three quarters to the end of 1969 we earned an overall surplus substantially greater than the £300 million interim objective my right hon. Friend set for the current financial year.
£ million seasonally adjusted Current and long-term capital account combined Private investment in the United Kingdom (net) 1964–1st quarter … -180 + 30 2nd quarter … -214 + 20 3rd quarter … -147 + 85 4th quarter … -203 + 17 1969–1st quarter … - 61 + 131 2nd quarter … + 72 + 196 3rd quarter … + 214 + 157 4th quarter … n.a. n.a.