§ Mr. Martenasked the Chancellor of the Exchequer what is the estimated amount of the United States of America 358W investment in the United Kingdom and of the United Kingdom investment in the United States of America in the last convenient 12 months.
§ Mr. Harold LeverThe attribution of total overseas private investment by individual countries is not precisely known, but during 1967 United States private investment in the United Kingdom was about £200 million (net of disinvestment), and the corresponding figure for United Kingdom investment in the United States was about £60 million; this latter was financed largely by borrowing in foreign currency and the profit retentions of United Kingdom subsidiaries already operating in the United States of America. Both totals are likely to have been considerably larger in 1968.