§ 67. Mr. Ronald Bellasked the Chancellor of the Exchequer the amounts and nature of the existing commitments of the United Kingdom for ovarseas capital expenditure from public funds during either the calendar or the financial year 1960, whichever is more convenient; and what estimate he has made of the probable private overseas investment during the same period.
§ Mr. BarberUnder existing commitments it is estimated that overseas capital expenditure by the United Kingdom Government, during the financial80W year 1960–61, will amount to about £210 million; made up of bilateral loans £50 million, disbursements under commitments to international lending organisations £30 million and capital repayments in respect of loans to Her Majesty's Government £130 million.
Overseas private outward investment in recent years averaged more than £300 million a year. There is no reason, at present, to suppose that the figure will differ greatly during the current year.