§ Mr. J. H. Osbornasked the President of the Board of Trade what steps he proposes to take to speed up the flow of information about capital investment by British manufacturing industry overseas; when he expects to have a provisional total figure for 1966; and when he will have the breakdown for 1965.
§ Mr. JayQuarterly estimates of total direct investment based on the collection of a few key figures from a sample of firms are published at the end of the following quarter.
On the more detailed annual inquiry the use of computer processing is to be extended, and the volume of work reduced by exempting firms whose over-
UNITED KINGDOM PRIVATE DIRECT INVESTMENT OVERSEAS, FOR INDUSTRIES OTHER THAN OIL (£ million) Profits of subsidiaries† Book value of net assets at year—end * Dividends Unremitted earnings Branch Profits† Interest received Royalties, etc. received from related overseas concerns 1963 … 3,850 97 118 110 5 — 1964 … 4,112 106 149 113 7 20 1965‡ … — 116 161 119 7 — * Excluding banking and insurance. †Net of overseas tax. ‡Provisional. I regret that the proportion of branch profits, interest and dividends taken in United Kingdom taxation for these years is not available.