§ Mr. Ian Stewartasked the Secretary of State for Trade what restrictions are placed on exports to Uganda of items suitable for use by the police and internal security forces in that country.
590Wand if he will give separately figures for the changes so far as they apply to direct investment in industry through ordinary shares, preference shares or debentures, again in actual and percentage terms.
§ Mr. Clinton DavisThe information available is given in the table below. The figures of holdings are in respect of 31st December, because information on investments held by insurance companies and by private and public sector pension funds, other than those of local authorities, is collected only in respect of 31st December each year. Corresponding figures for local authority pension funds are collected in respect of 31st March, and have been adjusted to make them approximately comparable with the other figures for the end of the year.
There are important difference in the valuation of holdings by the different institutions; holdings of insurance companies are at book values or nominal values while the holdings of pension funds are nearly all at market values. Net investments are at cash values and differ appreciably from the change in holdings because of differences in valuation.
Investments cover purchases of existing shares as well as new issues and cover the shares of commercial and financial companies as well as industrial companies. Separate figures for the latter are not available.
§ Mr. Clinton DavisGroup 1 of Schedule 1 of the Export of Goods (Control) Order 1970 lists arms, military stores and appliances which are subject to export licensing control to all destinations. A number of items which may be 591W suitable for use by the police and internal security forces are included in this list.