§ Mr. Gould
asked the Chancellor of the Exchequer, further to his reply dated 30 June, Official Report, c. 127–28, concerning United States investment in the United Kingdom and the European Community, whether he will publish a table in the Official Report showing (a) the investment gross of loans from overseas subsidiaries, (b) the amount of loans from the parent companies to their overseas subsidiaries and (c) any information available to him as to the corresponding United States figures for investment by United Kingdom and European Community firms in the United States of America.
§ Mr. Channon
I have been asked to reply.
Exact figures of the loans given by United Kingdom subsidiaries to their United States parent companies are not 447W published by the United States Department of Commerce in its survey of current business. Figures are given only for Europe in total. However it is possible to derive the following estimates for the United Kingdom and the European Community of United States flows of direct investment overseas in manufacturing:
US $m US Direct investment overseas in manufacturing before deducting loans and trade received from overseas subsidiaries Net increase in loans and trade credit received from overseas subsidiaries ((-) represents an increase) (†) US net Direct Investment overseas in manufacturing United Kingdom 1979 2.4 ‡-0.5 1.9 1980 1.9 ‡0.5 2.4 1981 0.4 ‡-1.0 -0.6 Rest of European Community* 1979 3.0 ║-0.7 2.3 1980 2.4 ║0.5 2.9 1981 0.9 ║.0.3 0.6 * Greece included from 1981. † These estimates are based on the published United States figures of loans given by European subsidiaries. The figures for the United Kingdom represent the minimum amount that can be clearly allocated to the United Kingdom, and the balance after allowing for other European countries has been allocated to the rest of the European Community. ‡ Minimum. ║ Maximum.
Insufficient data are published for investment in the United States of America to enable any reliable estimate to be made of the loans given by United States subsidiaries to their United Kingdom and European Community parent companies.