§ Mr. Cordle
asked the Chancellor of the Exchequer what estimates he has made of the value of United Kingdom invisible exports to and invisible imports from each Commonwealth country in the Continent of Africa in each of the last five years; and what has been the percentage change for each year and as an annual average for the period.
§ Mr. Higgins
Details of invisible transactions with individual countries are not generally available, but approximate estimates of total United Kingdom invisible credits and debits with Commonwealth countries in Africa for 1968 are as follows:
£ million Credits* … … … 155 Debits† … … … 75 Net balance … … … +80 *Including interest, profits and dividends on overseas investment. †Including United Kingdom government ex-penditure overseas.