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Since the beginning of the year, U.S. business has invested some $130 million in Britain; total U.S. investment now stands at about $2.8 billion. Last week after Timken Roller Bearing Co. had offered $30.5 million for the outstanding British-held shares of British Timken Ltd., Laborite Harold Wilson rose in the House of Commons to ask whether the trend was not "cause for alarm or action." Calmly replied Chancellor of the Exchequer Derick Heathcoat Amory: "I should remind you that the amount of net investment we have made abroad enormously exceeds any net foreign investment made in this country over recent years." Wrote the News Chronicle's Michael Gassman: "There should be no scare that the Yanks are coming. They are already here."