§ 18. Mr. Biggs-Davisonasked the Chancellor of the Exchequer what is the extent of United Kingdom investment in the French engineering, electronic and other industries; and if he will give an estimate of the value of such investment to the British economy.
§ Mr. MaudlingThe information is not available, but United Kingdom direct investment in all industries in France, except oil, banking and insurance, is estimated at £73 million at the end of 1962. It is difficult to give a calculation of its value to the British economy, which takes many forms from the direct financial return to the promotion of United Kingdom exports.