§ Mr. Andrew Smithasked the Chancellor of the Exchequer if he will list the totals of profits and dividends repatriated to Britain from the Third world and to the Third world from Britain in each of the last five years.
§ Mr. AtkinsI have been asked to reply.
742WThe available information relates to overseas direct investment. The value of branch profits and dividends remitted to the United Kingdom from affiliates of United Kingdom companies in the developing countries and the value of branch profits and dividends remitted from United Kingdom companies to their parent companies in the developing countries are given in the table.
The data relating to United Kingdom outward investment will be published in Business Monitor MA4 1985 in approximately two months' time.
Remitted earnings from United Kingdom direct investment in developing countries1 Remitted earnings from direct investment in the United Kingdom by the developing countries1 Branch Profits Dividends Total Branch Profits Dividends Total £ million 21981 277 284 561 45 14 59 21982 295 324 619 57 252 309 21983 243 424 667 45 31 76 1984 402 896 1,298 11 41 52 1985 227 1,221 1,448 6 39 45 1 Developing countries are defined as Asia, Africa (excluding South Africa), Caribbean, Central and South America, Oceana and Yugoslavia. 2 Excludes oil companies.