§ Mr. Bruce-Gardyne
asked the Chancellor of the Exchequer if he will state the foreign exchange cost of servicing United States direct investment in the United Kingdom in 1938, 1950, and 1965, and his estimate of this cost in 1966 and 1967.
§ Mr. Callaghan
I am afraid that figures for 1938 and 1950 are not available. The latest detailed figures now available relate to 1964, when interest, profits and dividends (excluding oil and insurance, but including unremitted profits) on United States direct investment in the United Kingdom were estimated at about £153 million. It is not the practice to give forecasts of this kind for future periods.