HC Deb 29 January 1970 vol 794 c387W
65. Mr. Winnick

asked the Chancellor of the Exchequer what action the Government propose to take to prevent large price and fare increases arising from the changeover to decimalisation.

Mr. William Rodgers

The Government and the Decimal Currency Board have published guidance on the decimalisation of prices and tariffs and have on several occasions made it clear that decim-

PRIVATE DIRECT INVESTMENT ABROAD (NET OF DISINVESTMENT)*
U.S. S million
Investment not involving direct remittances from United Kingdon Other components of direct investment
Total Reinvested profits Export and import credit to overseas affiliates (net) Investment financed rough overseas borrowing Remainder (net)
1961 633 300 ֵ 31 302||
1962 585 358 ֵ 45 182||
1963 661 442 -14 95 138
1964 736 526 42 84 84
1965 862 560 101 70 131
1966 773 602 14 70 87
1967 770 652 46 187 -115
1968 1,030 816 48 283 -117
1969 (to end September only seasonally adjusted) 910 718 43 166 -17
* Excluding oil and, before 1963, insurance.
† Including rough estimates for reinvested profits of branches.
‡ Negative figures represent net disinvestment.
‥ Comprises investment financed through Euro-currency borrowing from United Kingdom banks and investment financed through direct borrowing in non-sterling areas by United Kingdom parent companies.
|| Includes small amounts of export and import credit (net).

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