This note continues the statistics published in the June 1962 issue of this Bulletin. Revised figures are given for 1960 and 1961, and first estimates for 1962. The information contributed voluntarily by registrars and paying agents is again gratefully acknowledged.
The note falls into three parts, the first of which explains the scope of the estimates. The second part contains figures of capital movements, at cash value, resulting from changes in U.K. portfolio holdings of overseas securities. These figures are the prime source of the estimates of United Kingdom overseas portfolio investment in the capital account of the U.K. balance of payments. The third part of this note contains estimates of income received by U.K. residents on their holdings of portfolio investments. These estimates are not used for the corresponding item in the balance of payments accounts, but they serve to confirm and elucidate the estimates prepared by the Inland Revenue which are the prime source; for instance, they provide some additional detail by country.