§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer if he will set out in the OFFICIAL REPORT a table showing the value of direct investment by United States companies in the United Kingdom, and the cost to the current account balance of payments of interest payments in United States investment, in each year since 1945.
§ Mrs. Gwyneth DunwoodyI have been asked to reply.
This information has been collected only since 1958; oil and insurance are excluded. The table below gives figures for the annual flow of investment funds (including retained profits); for the total earnings which are debited to the balance of payments current account; and for dividend and interest payments.
Estimates covering a longer period, which however are not fully comparable, have been published by the United States Department of Commerce in the Survey of Current Business and Balance of Payments Supplements to it.
UNITED STATES COMPANIES WITH DIRECT INVESTMENTS IN THE UNITED KINGDOM £million Private direct investment Total earnings* Dividend spaid† Interest payments† 1958 … 62 71 33 — 1959 … 97 97 40 — 1960 … 86 105 48 — 1961 … 186 100 64 — 1962 … 95 106 51 1 1963 … 104 134 56 1 1964 … 116 154 71 2 1965 … 151 180 71 2 1966 … 155 152 72 2 1967‡ … 105 155 75 3 * Of subsidiaries, associated companies and branches, after depreciation and United Kingdom taxation. † Subsidiaries and associated companies. ‡Provisional.