82. Major Lloydasked the President of the Board of Trade the principles applied in dealing with American offers to establish branch factories in this country.
§ Mr. BelcherSubject to special consideration of the effect on our balance of payments, the principles applied in considering proposals for the establishment of American branch factories in this country are similar to those applied in considering proposals for capital investment 259W generally. Our aim is to ensure that scarce resources are invested only in projects which will contribute to export, import saving or to meeting essential home requirements.