§ 69. Mr. McKayasked the Chancellor of the Exchequer to what extent, as a result of the increased interest charges in this country, our payments due to overseas debt have been enlarged in 1955 and 1956 separately; and what effect these additional payments have had upon our balance of payments.
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§ Mr. P. ThorneycroftI assume that the hon. Member has in mind our interest liability on the overseas sterling holdings. Interest payments on these holdings increased by about £30 million in 1955 and £20 million in 1956.