§ Sir William Clarkasked the Chancellor of the Exchequer if he will publish a table in the Official Report showing the gross and net contributions to the invisible balance of payments of the United Kingdom oil and shipping industries, respectively, in 1980, in the most recently available 12 month period, together with his estimate of the likely outturn in 1986.
§ Mr. MacGregorThe available information on the main invisible balance of payments transactions relating to oil and shipping companies in 1980 and 1985 is given in the "United Kingdom Balance of Payments," 1986 edition (the CSO Pink Book), a copy of which is in the Library. Table 3.3 identifies overseas credits and debits relating to ships owned or chartered-in by United Kingdom residents. Table 5.2 identifies the earnings (both remitted abroad and retained in the United Kingdom) of direct investments by overseas residents in oil companies in the United Kingdom, and table 3.6 identifies payments overseas in respect of services provided for North sea oil and gas operations.
Comparable figures for 1986 are not yet available.