§ Mr. Sedgemore
asked the Secretary of State for Trade what was the aggregate of direct investment abroad held by the United Kingdom, French, German, United States and Japanese companies in 1950, 1960, 1970 and at the latest available date.
§ Mr. Deakins
The only broadly comparable information available relates to the book value of United Kingdom and United States direct investment abroad, and is given below:
BOOK VALUE OF OVERSEAS DIRECT INVESTMENT 1962* 1970 1974§ United Kingdom† (£ million) 4,870 8,930 14,720 United States‡ ($ million) 37,226 75,456 118,613 * United Kingdom information was first available in 1962. † Including oil and the estimated value of direct investments of United Kingdom banks and insurance companies in the USA. As published in various issues of the "United Kingdom Balance of Payments" in the table on United Kingdom overseas assets and liabilities under the heading of "direct" and "oil". ‡ As published in various issues of the US Department of Commerce "Survey of Current Business". § Provisional.