APPENDIX. 



A. BRITISH INVESTMENTS ABROAD. 



THE important question as to the amount of British 

 capital invested in the colonies and in other 

 countries has only quite lately received due attention. 

 For the last ten years or so one could find in the 

 " Reports of the Commissioner of Inland Revenue " 

 a mention of the revenue derived from British capital 

 invested in foreign loans to States and Municipalities 

 and in railway companies ; but these returns were 

 still incomplete. Consequently, Mr. George Paish 

 made in 1909 and 1911 an attempt at determining these 

 figures with more accuracy in two papers which he 

 read before the Statistical Society.* 



Mr. Paish based his researches on the Income Tax, 

 completing these data by special researches about 

 private investments, which do not appear in the 

 Income Tax returns. He has not yet got to the end 

 of his investigation ; but, all taken, he estimates that 

 the yearly income received by this country from abroad 

 from different sources reaches 300,000,000 every year. 



* "Great Britain's Capital Investments in Other Lands" 

 (Journal of the Statistical Society, September 1909, vol. Ixxii., pp. 

 475-495), followed by a most interesting discussion ; and " Great 

 Britain's Capital Investments in India, Colonial and Foreign 

 Countries," same journal, January 1911, vol. Ixxiv., pp. 167-200. 



