§ Mr. Formanasked the Secretary of State for Trade (1) if he will set out in tabular form the totals of net United Kingdom private investment overseas for each year from 1970 to the latest available full year; how much in each case went to developing countries with per capita incomes below and above the international poverty line, respectively; and how much went into agriculture and rural development;
(2) if he will set out in tabular form for each year since 1970 (a) the value of net outward United Kingdom investment in developing countries and (b) the value of remitted profits and payments from developing countries.
§ Mr. MeacherThe information available relates to net direct investment overseas by the United Kingdom, excluding oil, and is as follows:
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§ Miss Maynardasked the Secretary of State for Trade if he will list those countries in which Great Britain holds major investments, and the total value of such investments in each case.
§ Mr. MeacherThe information available relates to the book value of net direct investment overseas by the United Kingdom, excluding oil, insurance and banking, and the latest figures for individual countries relating to the position at the end of 1974 are published in Table 1 of "Business Monitor", M4, 1974 supplement, census of overseas assets 1974, a copy of which is in the library.
Amount of investments insured in developing countries with a per capita GNP of: Financial year Total amount of investments insured during year More than $280 p.a. Less than $280 p.a. Amount of insured investments in agriculture and rural industries £ million £ million £ million £ million 1972–73 … … … 0.8 0.8 — — 1973–74 … … … 5.8 4.7 1.1 1.6 1974–75 … … … 19.4 18.6 0.8 0.4 1975–76 … … … 8.5 4.4 4.1 0.3 1976–77 … … … 17.1 10.0 5.4 0.6 1977–78 … … … 12.2 11.1 0.8 0.6