Survey Shows that Despite Decline in 1938 Total Over 3 Milliards London, Dec. 17.
In view of the importance of overseas investments as a source of strength to the Allies in their struggle with Nazi Germany, a publication in the current number of the quarterly "Economic Journal" of the results of Sir Robert Kindersley's investigations into British overseas investments in 1938 has aroused great interest.
Sir Robert Kindersley, an economic expert of note, has been conducting these investigations over the past 11 years, and his conclusions are recognized as authoritative, and accepted by economists and statisticians as a basis for other statistical studies.
According to his calculation for 1938, there was a net repatriation of capital "amounting to -£10,000,000, while the nominal value of foreign securities held by British owners declined By 61,000,000.
Nevertheless, the total of British overseas investments remained at the impressive figure of £3,692.000.000—"Wireless Through Reuter.
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