HC Deb 06 December 1967 vol 755 cc328-9W
107. Sir T. Beamish

asked the President of the Board of Trade on what date, and why, the gold weighing approximately 460,220 fine ounces placed with the Bank of England by the Central Banks of Estonia, Latvia and Lithuania was sold; what sum resulted from the sale; how the proceeds were invested; and what is their market value today; showing all three countries separately.

Mr. Darling

The gold was sold on 29th June, 1967. The purpose of the sale was that the proceeds could be invested and earn interest. As I stated in my reply to the hon. and gallant Member on 28th November, details of the transactions with the individual banks are confidential. The total amount realised by the sale was £5,803,122 13s. This has been invested in Treasury Bills which have since earned £80,000 in interest.—[Vol. 755, c. 66–7.]