§ 58. Sir T. Beamishasked the President of the Board of Trade if he will publish in the OFFICIAL REPORT the written guidance he has given to potential investors in developed countries in the sterling area seeking an annual return of between 33⅓ per cent. and 50 per cent. on new risk capital invested; what evidence he has of such annual profits during the last 10 years; and if he will immediately draw the attention of British industry to investment opportunities of this character.
§ Mr. JayThe criterion by which investments financed from this country in the developed countries in the Sterling Area should be judged under the Voluntary Programme is not the return on the investment but the benefit to the U.K. balance of payments. I have given no guidance to potential investors, nor is it our practice to draw industry's attention to investment opportunities overseas.