§ Mr. Ron Thomasasked the Secretary of State for Trade what is the latest available estimate of the total current market value of United Kingdom private direct investment overseas.
§ Mr. DeakinsThe information available on the value of United Kingdom direct investment overseas, other than oil, banking and insurance, relates only to its book value; the latest estimates were published in the June 1975 issue of theBank of England Quarterly Bulletin. Problems of valuation were discussed in Trade and Industry for 15th November 1973, when the detailed figures for 1971 were published; book values are the only values which are easily understood and readily available.
§ Mr. Ron Thomasasked the Secretary of State for Trade what is the latest estimate of the value of United Kingdom banks' and insurance companies direct investment overseas excluding the United States of America.
§ Mr. DeakinsI regret that no estimate is available. The estimate published for the United States of America is derived from United States sources.