§ Mrs. Renée Shortasked the Secretary of State for Trade (1) what was the total annual export of capital from the United Kingdom for (a) property development, (b) manufacturing industry and (c) other purposes to each of the Common Market countries in each year since 1960 to the latest convenient date;
(2) what was the total annual import of capital to the United Kingdom for (a) property development, (b) manufacturing industry and (c) other purposes from each of the Common Market countries in each year since 1960 to the latest convenient date.
§ Mr. DeakinsThe information available is given in the tables below. It relates only to the amount of direct investment and the figures are net of disinvestment; portfolio, oil and miscellaneous investment—including identified investment in real estate—are not covered. Information is not available on the currency flows associated with this investment. For net outward direct investment, about one-third of the total net investment over these 13 years was financed from reinvested profits and the bulk of the remaining gross investment was financed by overseas currency borrowing which involved no net outflow of funds. For net inward investment about two-fifths of the total was financed from reinvested profits, the remainder being financed mainly from inflows of foreign currency.
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NET INWARD DIRECT INVESTMENT* £ million 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Belgium and Luxembourg: Manufacturing industry … … … 0.3 0.3 -1.0 0.6 2.2 0.7 0.4 0.3 0.5 0.4 5.2 5.4 0.9 All other industries† … … … 0.6 0.5 0.5 0.2 0.1 0.2 0.1 1.0 0.7 0.2 1.2 14.5 2.1 Total … … … … … 0.9 0.8 -0.5 0.8 2.3 0.9 0.5 1.3 1.2 0.6 6.4 19.9 3.0 Denmark: Manufacturing industry … … … -0.1 0.2 0.1 -0.2 -0.5 -1.1 0.2 0.2 — 0.4 0.3 0.9 — All other industries† … … … 0.4 0.4 0.4 0.5 0.2 0.2 1.8 1.1 0.7 -3.4 2.3 1.5 3.3 Total … … … … … 0.3 0.6 0.5 0.3 -0.3 -0.9 2.0 1.3 0.7 -3.0 2.6 2.4 3.3 France: Manufacturing industry … … … 2.8 5.2 -0.5 2.5 3.6 3.5 2.4 1.0 4.0 2.3 -0.1 1.8 7.3 All other industries† … … … -3.9 6.5 — 0.1 1.7 -1.2 0.8 1.4 1.2 1.5 1.0 -0.9 5.9 Total … … … … … -1.1 11.7 -0.5 2.6 5.3 2.3 3.2 2.4 5.2 3.8 0.9 0.9 13.2 Irish Republic: Manufacturing industry … … … — — .. 0.1 -0.7 0.9 .. .. .. .. .. .. 0.2 All other industries† … … … -0.1 — .. -0.1 — -0.2 .. .. .. .. .. .. 1.1 Total … … … … … -0.1 — -0.5 — -0.7 0.7 .. .. .. .. .. .. 1.3 Italy: Manufacturing industry … … … 0.2 -0.1 -0.1 0.3 1.3 0.9 2.8 0.1 -0.3 4.1 4.6 -9.7 6.4 All other industries† … … … 0.3 -0.1 0.1 1.0 -0.6 0.5 0.3 2.5 2.0 1.4 -0.3 -1.7 1.0 Total … … … … … 0.5 -0.2 — 1.3 0.7 1.4 3.1 2.6 1.7 5.5 4.3 -11.4 7.4 Netherlands: Manufacturing industry … … … 0.3 1.9 -0.3 0.2 6.4 5.3 -1.5 33.9 7.0 10.1 23.9 24.6 2.3 All other industries† … … … 1.7 2.4 2.6 2.5 2.1 3.2 2.9 3.1 4.5 2.4 0.7 -4.1 3.9 Total … … … … … 2.0 4.3 2.3 2.7 8.5 8.5 1.4 37.0 11.5 12.5 24.6 20.5 6.2 Federal Republic of Germany Manufacturing industry … … … 0.3 0.3 0.2 0.8 0.5 — -0.1 1.8 5.2 5.7 -0.6 2.7 -0.8 All other industries† … … … 0.9 0.4 1.0 1.4 2.0 1.8 0.8 1.5 0.6 7.0 15.1 2.5 5.3 Total … … … … … 1.2 0.7 1.2 2.2 2.5 1.8 0.7 3.3 5.8 12.7 14.5 5.2 4.5 * Excluding oil and insurance. † Property owning and managing was distinguished separately for the first time in 1972. No figures are available for publication. - Nil or less than £50,000. .. Cannot be shown separately because information about individual firms would be disclosed.
NET OUTWARD DIRECT INVESTMENT* £ million 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 Belgium and Luxembourg: Manufacturing industry … … … 4.0 0.7 5.0 0.4 -4.6 0.1 1.9 .. 14.3 .. 6.3 .. 25.7 All other industries† … … … 0.7 1.0 4.2 3.1 1.5 1.4 3.9 .. 10.6 .. 7.0 .. 5.1 Total … … … … … 4.7 1.7 9.2 3.5 -3.1 1.5 5.8 5.4 24.9 22.5 13.3 57.7 30.8 Denmark: Manufacturing industry … … … 0.6 0.4 1.2 0.9 1.0 1.9 -0.7 1.0 0.4 .. .. .. 3.8 All other industries† … … … 0.1 0.6 0.4 0.4 0.8 0.7 0.6 0.6 0.7 .. .. .. 4.9 Total … … … … … 0.7 1.0 1.6 1.3 1.8 2.6 -0.1 1.6 1.1 0.8 1.7 3.8 8.7 France: Manufacturing industry … … … 4.0 4.3 1.4 4.8 6.9 -0.9 9.5 2.8 .. .. .. .. 27.4 All other industries† … … … 1.5 5.7 3.9 7.5 8.7 4.9 7.0 8.4 .. .. .. .. 33.0 Total … … … … … 5.5 10.0 5.3 12.3 15.6 4.0 16.5 11.2 8.5 18.0 26.5 34.9 60.4 Irish Republic: Manufacturing industry … … … 2.4 1.9 .. 6.7 0.6 3.8 6.4 3.2 .. .. 13.6 .. 5.0 All other industries† … … … 2.5 2.6 .. 2.7 3.0 8.2 -9.4 3.6 .. .. 0.1 .. 5.4 Total … … … … … 4.9 4.5 3.2 9.4 3.6 12.0 -3.0 6.8 2.4 20.2 13.7 20.7 10.4 Italy: Manufacturing industry … … … 3.4 1.3 -7.2 1.4 -0.8 -0.6 -0.1 .. 1.7 .. .. .. 10.5 All other industries† … … … 0.7 1.5 1.7 1.7 3.9 1.8 2.4 .. 0.9 .. .. .. 13.9 Total … … … … … 4.1 2.8 -5.5 3.1 3.1 1.2 2.3 2.4 2.6 8.9 8.1 13.9 24.4 Netherlands: Manufacturing industry … … … 1.0 0.9 2.1 1.0 2.7 -0.2 1.5 .. 3.7 .. .. .. 23.2 All other industries† … … … 1.1 1.1 3.9 6.5 2.7 9.6 7.8 .. 10.9 .. .. .. 19.5 Total … … … … … 2.1 2.0 6.0 7.5 5.4 9.4 9.3 9.8 14.6 14.0 9.8 52.9 42.7 Federal Republic of Germany: Manufacturing industry … … … 4.8 4.2 9.3 8.4 13.8 8.0 11.7 -0.3 .. .. .. .. 21.2 All other industries† … … … 0.4 5.6 4.9 5.1 1.9 8.0 4.9 1.5 .. .. .. .. 42.9 Total … … … … … 5.2 9.8 14.2 13.5 15.7 16.0 16.6 1.2 22.2 41.0 20.1 103.1 64.1 * Excluding oil, and, before 1963, insurance. † Property owning and managing was distinguished separately for the first time in 1972. The available figures are: Belgium and Luxembourg £1.2 million; France £0.7 million; Irish Republic -£0.6 million. .. Cannot be shown separately because information about individual firms would be disclosed.