HC Deb 08 November 1973 vol 863 cc218-9W
Mr. Deakins

asked the Chancellor of the Exchequer what steps he is taking to arrest the decline in direct United Kingdom investment in Commonwealth countries as a percentage of total investment overseas.

Mr. Nott

The placing of a particular investment is for the individual investor to decide. However, current exchange control provisions facilitate investment in the overseas sterling area, which includes most of the Commonwealth, by allowing unlimited transfers at the rate of exchange ruling on the official exchange market for direct investment in those countries.