§ Mr. Gordon Walkerasked the Chancellor of the Exchequer whether he will state for each of the years from 1951 the net long-term overseas investment of the United Kingdom as shown by calculating the annual value of the new long-term overseas investment of the United Kingdom and deducting therefrom, firstly, the annual value of overseas disinvestment by the United Kingdom and, secondly, the annual value of net long-term investment from overseas in the United Kingdom.
§ Mr. P. Thorneycroft:Cmnd. 122 gives the following figures for long-term investment calculated in this way.
£ million 1953 180 1954 200 1955 110 1956 140 A somewhat less reliable estimate in an earlier White Paper in the same series puts the figures for 1952 at £150 million. No estimates are available for 1951.
These figures exclude inter-Government lending, for which separate figures are given in Cmnd. 122.
§ Mr. Gordon Walkerasked the Chancellor of the Exchequer whether he will state for the years from 1951 to the latest convenient date the annual average value of the net long-term overseas investment of the United Kingdom as shown by calculating the annual average value of the new long-term overseas investment of the United Kingdom and deducting therefrom, firstly, the annual average value of overseas disinvestment by the United Kingdom and, secondly, the annual average value of net long-term investment from overseas in the United Kingdom.
§ Mr. P. Thorneycroft:The only figures available have been published in the White Papers on the balance of payments the latest of which was Cmnd. 122 (see in particular page 43, paragraph 25). It is 47W probable that the averages there given would not be substantially affected by the inclusion of the years 1951 and 1952.