§ Mr. Skeetasked the Secretary of State for Trade what is the total value of British investment in Tanzania including petroleum marketing and banking.
§ Mr. DeakinsInformation is available only for the book value of direct investment excluding oil, banking and insurance. The latest figure relates to the end of 1971 and is £6.7 million. This figure was published in Table 35 of Business Monitor M4, Overseas Transactions, a copy of which is in the Library.
§ Mr. Skeetasked the Secretary of State for Trade whether British firms whose assets have been taken over by the Government of Tanzania have been permitted to repatriate compensation moneys.
§ Miss Joan LestorI have been asked to reply.
In cases where the payment of compensation for the expropriated assets of British firms has been approved by the Tanzanian Government, the repatriation of compensation moneys has been permitted.
§ Mr. Skeetasked the Secretary of State for Trade what is the value of Commonwealth Development Corporation investment in Tanzania; and if he will identify joint schemes with the Government.
§ Mrs. HartI have been asked to reply.
The value of Commonwealth Development Corporation investment in Tanzania is £5,330,000.
The Tanzania Government and its agencies have a direct or indirect investment in the following projects in which CDC has investments:
- Ruaha Bottling Co. Ltd.
- Serengeti Safari Lodges Ltd.
- Tanganyika Development Finance Co. Ltd.
- Tanganyika Wattle Co. Ltd.
- Tanzania Seed Co. Ltd.
- Tanzania Electric Supply Co. Ltd.
- Tanzania Housing Bank.