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Foreign Investments (Realisation)

Volume 463: debated on Thursday 14 April 1949

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asked the Financial Secretary to the Treasury the amount of foreign investments held by United Kingdom citizens that were sold, respectively, between the outbreak and the end of the war, and since.

Realisations (including redemption) of United Kingdom investments outside the sterling area are estimated at £554 million between September, 1939, and June, 1945, and at £325 million from then until December, 1948. The latter figure includes £150 million in respect of the sale in 1948 of the British-owned railways in Argentina.