BRITISH CAPITAL BROAD.

Otago Witness, Issue 2975, 22 March 1911, Page 89

BRITISH CAPITAL BROAD.

WHERE IT GOES TO. (From Ode Own Correspondent.) LONDON, December 23. Great Britain, the banker of the world, has now more than 3000 millions invested outside the United Kingdom:— British Empire £1,554,000,000 Foreign 1,637,836,000 £3,191,836,000 The amount® invested outside Great Britain since 1907 are:— 1908 ' £145,000,000 1909 182,000,000 1910 188,000,000 Each year still more British capital goes to foreign undertakings than to tne countries under the flag. This year tu»s Empire gets £82,000,000; the world beyond £102,000,000. The distribution of British- money is as follows: Bbitish Empire. Millions. Millions. Canada . . 373 New Zealand 78 India 365 West Africa 29 South Africa 351 Straits SettleAustralia ... 302 ments ... 22 Foreign. United States 638 China 26 Argentina 269 Cuba 22 Brazil 94 Turkey ... 18 Mexico ... 87 Spain 18 Japan r... 53 Italy 11 Chili ... ... 46 Philippines 8 Egypt ...' 43 Portugal ... 8 Russia -. . 38 France ... 7 Uruguay ... 35 Germany .. 6 Peru 31 BRITISH MONEY IN AMERICA. Mr George Paish, the editor of the Statist, says it is no exaggeration to state that Great Britain's enterprise in placing her supplies of new capital wherever the money could be profitably employed has been one of the great forces which has made for the increased prosperity of the human race in modern times. The country which has received the largest amount of British capital is the United States, where we have been placing it steadily since the day® of Queen Elizabeth. With the exception of the United States, British investments are greatest in the daughter States of the Empire and in the Indian possessions. Of the.se, Canada has received the largest amount, and the rate at which the British people are increasing their investments in the Dominion is phenomenally rapid. The visible amount already placed there is £373,000,000, and new supplies are flowing in at the rate of £30,000,000 per annum. AGGREGATE INVESTMENTS. The investment in South Africa by British people is also of vast extent, reaching £351,000,000, of which is applicable to mining concerns. The loans to Government there have been mainly eoent, on .railway construction. The amount of visible capital w>» have found for the Indian Empire—£36s,ooo,ooo has been largely expended upon the building of railways. Never has Great Britain had so much new capital available for investment in the colonies and in India, and never has she supplied money so freely to the other nations" of the Empire as she has done in the* past few years l .