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United States next week to discuss international financial
questions generally, when no doubt these matters and the
importance of early introduction of the Special Deposits
scheme would be discussed.
Export of Investment Canital from U.S.
Mr. Stans mentioned the recent steps that the United
States Administration had taken to relax control over
funds for investments overseas. He was anxious to do
what he could in this respect, but progress would have to
be measured.
The Prime Minister said that the United Kingdom
Government had always made it clear that it welcomed
American investment in this country, when this brought
new technology and improved management to British industry.
He referred specifically to investment in the North Sea
Gas developments. If, however, the new investment was
contrary to British interests, then we had powers which
we could use to discourage it.
April 25, 1969