HC Deb 26 June 1973 vol 858 cc305-6W
Mr. Brocklebank-Fowler

asked the Secretary of State for Foreign and Commonwealth Affairs what was the level of British investment in African States south of the Sahara, with the exception of South Africa, the Portuguese territories and Rhodesia, in the last year for which figures are available.

Lord Balniel

The following table sets out estimates of net investment in African States south of the Sahara—excluding South Africa, Rhodesia, and the Portuguese territories—for the years 1969–1971.

million
1969 56
1970 30
1971 28

NOTE: Net investment (including unremitted profits). Excludes oil investment and Commonwealth Development Corporation transactions.

Mr. Brocklebank-Fowler

asked the Secretary of State for Foreign and Commonwealth Affairs what has been the level of new British investment over the last three years for which figures are available in African States south of the Sahara, with the exception of South Africa, the Portuguese territories and Rhodesia.

Lord Balniel

The book value of British investment in African States south of the Sahara—excluding South Africa, the Portuguese territories, and Rhodesia—stood at approximately £328 million at the end of 1968—the last year for which published figures are available. This does not include oil, insurance, banking, or Commonwealth Development Corporation transactions.