Abstract
T HE aim of this article is to study the early stages of official regulation of British overseas investment. It has been confined to the period between I914 and I93I for two reasons. Firstly, because this eighteen-year period witnessed a complete change in the attitude and policy of the British government towards overseas investment. Secondly, because the history of official regulation of overseas investment before I 93 I has not received the attention it deserves from the economic historian.2
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