§ Mr. J. H. Osborn
asked the Chancellor of the Exchequer what was the percentage cash return on private capital invested overseas by British companies after double taxation relief for each of the six years ended on 31st December, 1964; and what action he proposes to take to encourage private investment overseas.
§ Mr. MacDermot
Figures in the form requested are not available as the amount of United Kingdom tax payable by each company will have varied with the circumstances.
My right hon. Friend described in his Budget Statement the Government's policy on private investment abroad.