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In other words, in 1893 the British capital invested abroad represented about 15 per cent. of the total wealth of the United Kingdom; nearly one-half of this capital was in the form of loans to foreign and colonial Governments; of the rest a large proportion was invested in railways, banks, telegraphs, and other public services, owned, controlled, or vitally affected by Governments, while most of the remainder was placed in lands and mines, or in industries directly dependent on land values.[1]
- ↑ Total (Nominal) British investments overseas for the years 1929-1933 are given in the Appendix, p. 375.
