HC Deb 06 August 1976 vol 916 cc1093-4W
Mr. Hugh Jenkins

asked the Secretary of State for Trade what action he is taking to control British private overseas investment in the United States of America, South Africa and the EEC countries.

Mr. Meacher

All such investment is already controlled through the powers available under the Exchange Control Act 1947. In addition, British companies investing in South Africa are expected to observe the code of practice covering wages and employment conditions of African workers.

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