§ Mr. Galbraithasked the Chancellor of the Exchequer if he will give an approximate estimate of the total wealth of Great Britain, and an estimate of the amount owned by private persons, by local authorities, by other public bodies such as the Church Commissioners, the Trades Union Council, the nationalised 69W industries, &c., respectively, and by the State, to include the value of defence installations and weapons.
§ Mr. DiamondThere are no official estimates of the total wealth of Great Britain and of the amounts owned by all the different sectors of the economy. The Inland Revenue estimate the total wealth of individuals at about£75,000 million in 1966. This estimate, which is described in the Annual Report of the Inland Revenue, is incomplete as well as subject to error. Comprehensive estimates for all sectors of the economy have been compiled by Mr. J. Revell and published in his book "The Wealth of the Nation", Cambridge University Press, 1967.