HC Deb 26 July 1967 vol 751 c173W
Mr. Barnett

asked the Chancellor of the Exchequer what is the amount of direct investment in the sterling area in 1967 up to the latest date for which the information is available.

Mr. MacDermot

A reliable area breakdown is not yet available. However, total United Kingdom direct investment overseas in the first quarter of 1967* is estimated to have been £65 million and, following the recent pattern, about 60 per cent. of this total was probably invested in the Overseas Sterling Area.

* Including unremitted profits, excluding oil