HC Deb 12 July 1971 vol 821 cc13-4W
76. Mr. Buchanan

asked the Secretary of State for Trade and Industry what was the total value of British industrial investment in the developing countries in each of the years 1966 to 1970.

Mr. Ridley

Following are the figures for the net flow of private direct investment to developing countries from 1966 to 1970 (excluding oil). Reinvested profits are included. About two-thirds of net investment is in industry and commerce, and about one-third in agriculture, transport and finance.

£ million
1966 61
1967 63
1968 91
1969 147
1970 131*
* Preliminary estimate.

No account is taken of loans raised by financial subsidiaries registered in developing countries for the use of their British parent companies.