§ Sir J. Eden
asked the Secretary of State for Commonwealth Relations what further progress he has made in having removed the restrictions imposed by the Ceylon Government on remittances to individual British shareholders of rupee and sterling companies incorporated in Ceylon.
§ Mr. Cledwyn Hughes
In his Budget speech on 9th August the Ceylon Finance Minister said that the moratorium on the remittance of interest, profits and dividends was a hindrance to Ceylon's attempts to encourage foreign investment and stigmatised it as wrong in principle and unsound in that it caused the accumulation of liabilities. The Minister authorised234W
in the Bahamas; a Long Range Proving Ground for Guided Missiles in the Bahamas and Ascension Island; a Satellite Tracking Station in the Seychelles; and Experimental Radio Station in Fiji.
There are further temporary facilities as follows:A Geodetic Survey in Fiji and a Terrestrial Trilateration Survey in Fiji and the Gilbert and Ellice Islands. Long Range Aids to Calibration are stationed in the Caribbean Colonies from time to time for use in hydrographic surveys.
The conditions governing these facilities are contained in the relevant White Papers, whose references I will gladly send to the hon. Gentleman, if he so wishes.