§ 49. Mr. Biggs-Davison
asked the Chancellor of the Exchequer which sterling area countries have taken steps to convert their sterling reserves into gold, dollars or other currencies; and whether he will make a statement.
§ Mr. Callaghan
So far this year there has been a net rise in the balances of the Sterling Area as a whole. As regards the balances of individual countries, this is a banking matter.