§ Mr. Cantasked the Chancellor of the Exchequer whether he will publish an estimate of the amount of British portfolio and direct investment in Australia in the fourth quarter of 1967 and in the first quarter of 1968.
§ Mr. Harold LeverQuarterly estimates of private investment by the United Kingdom are not compiled on a basis which enables us to make an accurate estimate of total investment in individual countries. The available evidence suggests that direct investment has fallen somewhat since the Voluntary Programme was introduced in 1966. For portfolio investment, Australian estimates indicate that the total inflow of portfolio investment and institutional loans into Australia in the second half of 1967 was at a quarterly rate of about £ 30 million, and in the first quarter of 1968 was approaching £ 50 million. It is thought that by far the greater part of this investment has come from the United Kingdom.