HL Deb 08 December 1964 vol 262 c86WA
THE EARL OF DUNDEE

asked Her Majesty's Government:

How much of the official estimate of the balance of payments deficit for 1964 of £700-800 million is accounted for by repayment of foreign debts, by the setting up of British companies abroad, by the buying of shares in foreign companies (such as the Shell Montecatini deal), by Government's overseas aid or loans, and by other capital transactions.

LORD RHODES

The provisional figures available for the long-term capital account of the U.K. balance of payments in the first half of 1964 are set out below. Figures for the third and fourth quarters of 1964 will appear in the December, 1964, and March, 1965, issues ofEconomic Trends, published by Her Majesty's Stationery Office.

U.K. Balance of Payments: Long-Term Capital Account
1964: First Half (Provisional) £million
Inter-Government Loans Loans by U.K. Government (for Aid) -50
Repayments to U.K. of loans by U.K. Government +11
Repayments by U.K. Government of loans to U.K -4
Total of above -43

£million
Other Official Long-Term Capital (net) -5
Private Investment (net) Abroad:
Direct … … -131
Other … … -89
Total … … -220
In the U.K.:
Direct … … +96
Other … … -44
Total … … +52
Balance of Long-term Capital … … -216

House adjourned at eighteen minutes before seven o'clock.