§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what was the total amount of income remitted into the United Kingdom in respect of direct overseas investment in the year 1971 or the latest year for which figures are available.
§ Mr. Denzil Daviesasked the Chancellor of the Exchequer what was the total value of all direct investment overseas owned by residents of the United Kingdom as of 31st December, 1971, or the latest year for which figures are available; and what percentage of such investment was in (a) countries a the eight present members of the EEC and (b) the United States of America.
§ Mr. NottFollowing is the information.
BOOK VALUE OF OVERSEAS DIRECT INVESTMENTS OWNED BY UNITED KINGDOM RESIDENTS AT 31ST DECEMBER 1968*†‡ Book value Area £m. Per cent. Total … … 5,585.3 100.0 EEC … … 775.3 13.9 USA … … 600.0 10.7 * The latest date for which information is available. †Source: Business Monitor, April 1971. ‡ Excludes oil, insurance and banking.