HC Deb 13 July 1961 vol 644 cc65-6W
63. Mr. Nabarro

asked the Chancellor of the Exchequer whether he will state the aggregate current value of British investments of all kinds by the Ruler of Kuwait and his family; what form such investments take; whether they are convertible; and whether they are included in sterling area resreves.

Mr. Barber

It would be contrary to policy to reveal details of the sterling holdings of individual countries. The United Kingdom places no restriction on the use of Kuwaiti holdings of sterling. These holdings represent reserves for Kuwait; they are part of the United Kingdom's overseas sterling liabilities.