§ 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 219W 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.