HC Deb 09 July 1973 vol 859 cc253-4W
Mr. Denzil Davies

asked the Chancellor of the Exchequer (1) what was the total amount of (a) direct and (b) portfolio investment made by residents of the United Kingdom in the other countries of the EEC in the first two quarters of 1973;

(2) what was the total amount, in pounds sterling, of (a) direct and (b) portfolio investment made by residents of the other members of the EEC in the United Kingdom in the first two quarters of 1973.

Mr. Fernyhough

asked the Chancellor of the Exchequer what was the estimated total investment by the EEC in the United Kingdom for the six months ending 30th June; and what was the estimated total investment by the United Kingdom in the EEC in the same period.

Mr. Nott

Limited information is available for the first quarter only. Inward portfolio investment in this period included £77 million for company issues abroad which cannot be analysed by country of investor: of the rest of inward portfolio investment, £14 million came from the EEC. Outward portfolio investment in the EEC totalled £15 million in the first quarter. Very provisional estimates suggest that outward direct investment, excluding oil, to the EEC was between £40 million and £50 million, and inward direct investment from the EEC, excluding oil and insurance, was between

Minutes of work required to purchase items in October
Food item 1964 1965 1966 1967 1968 1969 1970 1971 1972
1 pint milk … 6 6 5 5 5 5 5 5 4
1 dozen eggs—large … 29 35 30 27 25 26 22 19 17
—standard 21 31 25 23 22 21 18 16 15
White Bread: 1¾ lb. loaf … 9 9 9 9 10 9 9 8 8
Beef: 1 lb. Sirloin without bone … 53 57 47 44 47 48 45 46 48
Pork: 1 lb. leg, foot off. … 34 30 32 30 31 30 28 27 27
Bacon back (1 lb.) … 40 36 40 37 36 36 34 32 34
Ham (1 lb.) … 67 62 64 61 59 58 55 50 46
Butter (1 lb.) … 31 27 25 24 22 20 18 25 18
Cheese (1 lb.) … 26 24 23 22 21 20 19 22 24
Potatoes (1 lb.) … 2 2 3 2 2 2 2 2 2
Onions (1 lb.) … 4 4 5 4 4 4 4 4 4
Cabbage (1 lb.) … 5 3 4 4 4 4 4 4 3
Apples eating: (1 lb.) … 9 9 10 12 10 8 7 7 10
Sugar (2 lbs.) … 13 10 10 9 9 8 8 7 7

£5 million and £10 million. Much of the outward investment was financed either by foreign currency borrowing or from reinvested profits.

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