§ Mr. Austin MitchellTo ask the Chancellor of the Duchy of Lancaster whether he will bring up to date the figures on direct investment in tables 6 and 7 of the evidence submitted by Her Majesty's Government to the Treasury and Civil Service Committee on the Financial and Economic Consequences of United Kingdom Membership of the European Communities (pages 22–3 of HC 57–11 Session 1984–85).
§ Mr. MaudeThe available information is given in the tables.:
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Table 6 United Kingdom: Inward Direct Investment (figures for 1960–1983 exclude oil companies) £ million World EC1 Non-EC of which: total total total USA Japan 1960 135 4 131 85 — 1961 238 18 220 185 —2 1962 130 3 127 95 — 1963 160 10 150 105 1 1964 162 18 144 113 — 1965 197 15 182 151 -—2 1966 196 11 185 155 1 1967 170 54 116 94 2 1968 274 26 248 208 2 1969 322 34 288 205 8 1970 363 62 301 226 8 1971 450 38 412 286 —4 1972 408 51 357 268 14 31973 734 117 617 393 18 1974 854 80 774 410 —22 1975 615 96 519 310 —41 1976 799 174 625 550 —16 1977 1,326 270 1,056 636 99 1978 1,261 291 970 809 —24 21979 1,740 218 1,522 994 51 21980 2,541 3 2,538 1,912 14 21981 980 12 968 118 173 1982 1,137 171 966 372 —48 1983 2,063 434 1,629 1,131 170 1984 —246 —2,073 1,827 1,505 —6 1985 4,123 1,319 2,804 2,183 36 1986 4,078 2,338 1,740 1,276 15 1EC includes Denmark, Irish Republic, Greece, Spain and Portugal in all years. 2Figures for 1979, 1980 and 1981 were affected by exceptional loan arrangements between United Kingdom affiliates and their overseas parents. 3United Kingdom joined EC.
Table 7 Values of US Outward Non-oil Direct Investment2 $million excluding oil World Europe EC1 UK UK as percentage of EC Per cent. UK as percentage of world Per cent. 1966 4,473 1,721 n/a 480 1967 3,522 1,326 n/a 174 1968 3,898 1,329 n/a 441 1969 5,067 2,093 n/a 455 1970 5,390 2,305 n/a 593 1971 5,553 2,654 n/a 671 1972 6,093 2,424 n/a 320 1973 9,759 4,945 3,827 1,137 29.7 11.6 1974 12,548 5,105 3,541 934 26.4 7.4 1975 9,367 3,248 2,206 535 24.3 5.7 1976 9,528 4,112 3,141 440 14.0 4.6 1977 10,094 4,538 3,857 1,513 39.2 15.0 1978 14,579 7,171 5,743 1,916 33.4 13.1 1979 15,414 8,445 6,561 2,838 43.3 18.4 1980 17,201 10,908 8,908 5,210 58.5 30.3
Japanese direct investment overseas1 Share of world investment UK EC World UK share of EC UK EC USA US$ million US$million US$ million Per cent. Per cent. Per cent. Per cent. 1973–82 1,230 3,323 26,403 37 5 13 — 1983–86 1,538 5,655 30,509 27 5 19 49 1These Japanese direct investment figures cover only share capital and long-term loans and unlike the US figures do not include unremitted profits, short-term loans and trade credit. Source:Japanese Balance of Payments.