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Mr. Geraint Howells
asked the Secretary of State for Industry if he is satisfied with the state of industry in Wales; and if he will make a statement.
Mr. Gregor Mackenzie
We are well aware of the need to stimulate industrial
| OVERSEAS NET DIRECT INVESTMENT IN THE UNITED KINGDOM* | ||||||||||
| Investment by | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | |||
| £ million | ||||||||||
| USA | … | … | … | 86 | 186 | 95 | 104 | 116 | 151 | 155 |
| Eight other members of the EEC | … | … | … | 4 | 18 | 2 | 10 | 18 | 15 | 11 |
| Rest of the world | … | … | 45 | 32 | 33 | 46 | 28 | 31 | 29 | |
| All countries | … | … | … | 135 | 236 | 130 | 160 | 162 | 197 | 195 |
| As a percentage of total | ||||||||||
| USA | … | … | … | 63·6 | 78·9 | 72·7 | 64·8 | 71·9 | 76·6 | 79·3 |
| Eight other members of the EEC | … | … | … | 2·7 | 7·6 | 1·9 | 6·3 | 11·3 | 7·4 | 5·7 |
| Rest of the world | … | … | 33·7 | 13·5 | 25·4 | 28·9 | 16·8 | 16·0 | 15·0 | |
| All countries | … | … | … | 100·0 | 100·0 | 100·0 | 100·0 | 100·0 | 100·0 | 100·0 |
| Investment by | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | |||
| £ million | ||||||||||
| USA | … | … | … | 94 | 208 | 204 | 223 | 283 | 251 | 361 |
| Eight other members of the EEC | … | … | … | 48 | 26 | 32 | 57 | 37 | 42 | 106 |
| Rest of the world | … | … | 28 | 40 | 83 | 74 | 125 | 91 | 215 | |
| All countries | … | … | … | 170 | 274 | 319 | 354 | 445 | 384 | 682 |
| As a percentage of total | ||||||||||
| USA | … | … | … | 55·3 | 76·0 | 64·1 | 62·9 | 63·7 | 65·5 | 53·0 |
| Eight other members of the EEC | … | … | … | 28·2 | 9·5 | 10·1 | 16·3 | 8·3 | 10·9 | 15·5 |
| Rest of the world | … | … | 16·5 | 14·5 | 25·8 | 20·8 | 28·0 | 23·6 | 31·5 | |
| All countries | … | … | … | 100·0 | 100·0 | 100·0 | 100·0 | 100·0 | 100·0 | 100·0 |
| * Excluding oil and insurance. | ||||||||||
investment in areas such as Wales and our industrial and regional policies give this high priority. When the Welsh Development Agency, the National Enterprise Board and the planning agreements system come into operation we shall be able to do still more. Furthermore, as announced by my right hon. Friend the Chancellor of the Exchequer last week the Government are introducing special schemes to encourage firms to bring forward certain categories of investment and to help certain industries with modernisation plans.