§ Mr. Proctor
asked the Secretary of State for Trade and Industry what information he has as to the number of major United Kingdom investments which have taken place in, and of major contracts which have been concluded with, South Africa in the past 12 months; and if he will make a statement.
§ Mr. Channon
[pursuant to the reply, 18 January 1985; c. 257]: While there is no requirement for United Kingdom companies to report on major contracts which they have concluded overseas, information on the flows of direct investment (excluding banking and oil) by country of investment, is collected annually in the overseas transactions enquiry conducted under the Statistics of Trade Act 1947 by the Department of Trade and Industry. The Bank of England collects corresponding information for banking and oil. Information for 1984 will be published in the spring of 1986. The most recent information is for 1982 (published in "Business Monitor MA4") when net outward direct investment by United Kingdom companies (other than oil) in South Africa was £228 million.