asked the Secretary of State for Trade what was the value of net direct investment by Great Britain in other member countries of the EEC in 1973 at the latest available estimate; and, of this sum, how much represented profits made abroad and reinvested there and how much represented money borrowed abroad.

The value of United Kingdom net direct investment, other than oil, in the other eight member countries of the EEC in 1973 was £519 million. Of this total, £144 million was financed from unremitted profits of subsidiaries and associates and £94 million by other non-cash transactions. Net overseas borrowing associated with this direct investment is estimated to have totalled £303 million, giving a net inflow of £22 million to the United Kingdom.