§ 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.