§ 55. Mr. Arthur Lewisasked the Secretary of State for Foreign and Commonwealth Affairs whether he is aware that President Bhutto of Pakistan has announced his Government's decision to nationalise his country's iron and steel industry, heavy engineering, electrical, car and tractor production, public utilities, heavy chemicals, cement, gas and oil refineries; what action he has taken or intends taking to protect British investments in these industries; and whether he will make a statement.
§ Mr. Anthony RoyleI am aware of the statement which President Bhutto made in a broadcast on 2nd January in which he announced that ten categories of industry had been put under State control. However, he also said that the decision would not affect foreign investment or foreign credit.