HC Deb 04 April 1957 vol 568 cc66-7W
10. Mr. H. Wilson

asked the Chancellor of the Exchequer if he will state for 31st March, 1957, the value in millions of dollars of the sterling area's gold and dollar reserves excluding there-from the proceeds of the sale of the Trinidad oil assets, the sale of United States Government securities in and since November, the borrowings and other calls on the capital of the International Monetary Fund in and since December, borrowings from the United States Export-Import Bank, the Indian borrowings from the International Monetary Fund and any funds transferred from the West German Government under the recent defence costs agreement.

Mr. Birch

No. It would be misleading to exclude from the reserves capital receipts of the kind mentioned without also excluding various capital items of expenditure which have added to our assets or reduced our liabilities. For a full account of this matter. I would refer the right hon. Gentleman to the White Paper on the Balance of Payments which is being issued today.