§ Mr. Tugendhatasked the Secretary of State for Trade (1) what proportion of the total investment in plant and machinery of manufacturing industry was undertaken by the subsidiaries of United States' owned companies; and what was the value of that investment for the latest period for which the figures are available;
(2) what proportion of the total investment in plant and machinery of British manufacturing industry was undertaken by the subsidiaries of foreign owned companies; and what was the value of that investment for the latest period for which the figures are available.
§ Mr. DeakinsThe information available relates to total net capital expenditure—that is, capital expenditure on new building work, land and existing buildings, and vehicles as well as plant and machinery less amounts received for disposal of land and existing buildings, plant, machinery and vehicles. The latest available figures are provisional estimates for 1971, taken from the census of production for that year:
618W
Net capital expenditure by manufacturing industries, 1971 £ million As a percentage of total United States' controlled enterprises 245 11.1 All overseas controlled enterprises 327 14.8 All enterprises 2203 100.0
§ Mr. Tugendhatasked the Secretary of State for Trade (1) what proportion of British imports and exports is accounted for by the internal transactions of United States' owned multinational groups;
(2) what proportion of British imports and exports is accounted for by the internal transactions of foreign owned multinational groups.
§ Mr. DeakinsInformation on exports to related concerns overseas by United States controlled and other foreign controlled enterprises was published in Table 44 of the Business Monitor M4, Overseas Transactions 1973, a copy of which is in the Library. Related concerns comprise the overseas subsidiaries, branches and associates of United Kingdom enterprises. No information is available on imports from related concerns overseas.