§ Mrs. Renée Shortasked the Secretary of State for Trade what was the net direct outward investment financed by a net outflow of funds from the United Kingdom for property development, manufacturing industry and other purposes, respectively, to each of the Common Market countries each year since 1960 to the latest convenient date.
§ Mr. DeakinsI regret that this information is not available. The only information available on the financing of that part of direct investment abroad involving cash transactions relates to all non-sterling countries and is shown in Table 47 of the "United Kingdom Balance of Payments 1963–73". This shows that finance for direct investment abroad may be obtained in a number of ways which do not directly affect United Kingdom reserves and sterling liabilities.
§ Mrs. Renée Shortasked the Secretary of State for Trade (1) what is the direct 540W inflow of funds arising from profits from British investments in property development, manufacturing industry and other purposes, respectively, in each of the Common Market countries, each year since 1960 to the latest convenient date;
(2) what is the amount invested in each of the Common Market countries in property development, manufacturing industry and other purposes, respectively, derived from profits arising from British investment in each of those countries each year since 1960 to the latest convenient date.
§ Mr. DeakinsThe information available is given in the following table. It relates to investment from unremitted profits and to remitted profits for net outward direct investment, excluding oil. Branch profits, whether remitted or not, are included in remitted profits. The information has been compiled from the annual overseas transactions inquiry of the Department of Industry: 541W
542W543W
NET OUTWARD DIRECT INVESTMENT*: UNREMITTED PROFITS AND REMITTED PROFITS† £ million 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Belgium and Luxembourg: Unremitted profits … … -0.3 -0.3 0.6 0.1 -5.7 -2.0 0.8 1.6 12.4 13.1 5.3 11.7 15.7 Manufacturing industries … … 10.9 11.3 2.2 8.7 10.5 All other industries† … … 1.5 1.8 3.1 3.0 5.2 Remitted profits … … 1.0 1.7 2.8 2.9 3.1 3.0 3.0 2.5 3.4 4.9 9.9 4.6 10.7 Manufacturing industries … … 0.8 0.6 6.6 1.8 4.4 All other industries‡ … … 2.6 4.3 3.3 2.8 6.3 Denmark: Unremitted profits … … 0.1 0.1 — -0.3 0.2 -0.2 -0.3 0.4 -0.1 -0.3 0.6 0.2 2.0 Manufacturing industries … … -0.1 -0.1 0.3 -0.2 0.4 All other industries‡ … … — -0.2 0.3 0.4 1.6 Remitted profits … … 0.3 0.3 0.3 0.4 0.2 0.1 0.3 0.3 0.2 0.2 0.3 0.7 0.7 Manufacturing industries … … — 0.1 0.1 0.2 0.4 All other industries‡ … … 0.2 0.1 0.2 0.5 0.3 France: Unremitted profits … … 0.5 1.2 -0.2 2.7 2.8 1.3 3.2 2.6 6.0 7.6 10.8 12.6 20.6 Manufacturing industries … … 1.3 2.8 4.3 4.6 11.0 All other industries‡ … … 4.7 4.8 6.5 8.0 9.6 Remitted profits … … 1.7 1.9 2.1 2.5 1.6 2.1 2.1 3.4 4.3 4.6 8.1 8.6 13.6 Manufacturing industries … … 2.5 2.8 4.2 3.9 7.8 All other industries‡ … … 1.8 1.8 3.3 4.7 5.8 Irish Republic: Unremitted profits … … 1.0 3.0 3.6 3.3 4.0 6.3 3.0 4.1 6.0 6.8 5.9 11.8 11.1 Manufacturing industries … … 4.5 5.6 6.0 9.3 10.0 All other industries‡ … … 1.5 1.2 -0.1 2.5 1.1 Remitted profits … … 6.2 6.3 6.2 7.3 4.7 4.0 6.1 6.3 6.9 8.4 8.1 7.9 10.5 Manufacturing industries … … 3.6 4.0 0.8 4.3 6.3 All other industries‡ … … 3.3 4.4 7.3 3.6 4.2
544W545W
£ million 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Italy: Unremitted profits … … -0.5 0.1 -1.9 -2.2 -3.1 -0.5 — — 1.2 2.9 1.6 1.8 3.7 Manufacturing industries … … 0.6 1.7 2.5 1.8 3.8 All other industries‡ … … 0.6 1.2 -0.9 — -0.1 Remitted profits … … 0.7 1.3 1.5 1.2 1.7 1.5 1.7 1.9 2.4 3.6 5.5 3.4 7.4 Manufacturing industries … … 2.2 3.0 2.8 2.7 3.7 All other industries‡ … … 0.2 0.6 2.7 0.7 3.7 Netherlands: Unremitted profits … … 0.7 1.4 1.1 1.2 5.2 1.9 1.0 1.8 6.8 9.8 17.3 15.2 24.4 Manufacturing industries … … 2.0 8.2 13.7 7.3 19.9 All other industries‡ … … 4.8 1.6 3.6 7.9 4.5 Remitted profits … … 0.9 0.9 1.0 0.7 -4.3 0.8 1.0 0.7 0.5 0.5 3.5 6.2 9.5 Manufacturing industries … … 0.7 0.1 3.1 2.6 7.8 All other industries‡ … … -0.2 0.4 0.4 3.6 1.7 Federal Republic of Germany: Unremitted profits … … 3.8 7.2 7.7 5.9 0.3 4.7 3.1 1.1 17.2 21.3 12.0 16.6 10.8 Manufacturing industries … … 15.1 17.1 13.0 13.0 3.3 All other industries‡ … … 2.1 4.2 -1.0 3.6 7.5 Remitted profits … … 6.7 4.4 4.8 6.0 11.3 6.4 9.4 9.1 10.8 15.0 26.7 22.8 32.4 Manufacturing industries … … 7.2 9.6 13.9 16.0 20.8 All other industries … … 3.6 5.4 12.8 6.8 11.6 * Excluding oil and before 1963 insurance. † Includes branch profits whether remitted to the United Kingdom or not. ‡ Property owning and managing was distinguished separately for the first time in 1972. The figures (in £ millions) for investment from unremitted profits are: Belgium and Luxembourg 0.3; France -0.2; Irish Republic 0.1; Netherlands 0.1; and for remitted profits: Irish Republic 0.2; Netherlands 0.1. The figures for investment from unremitted profits and for remitted profits for other countries are nil.
§ Mr. Hurdasked the Secretary of State for Trade what was the increase in British exports to other members of the EEC between 1972 and 1974.
§ Mr. Deakins87 per cent., to the Eight.