§ 44. Dame Irene Wardasked the Chancellor of the Exchequer to what extent the balance of payments position for 1964–65, 1965–66 and 1966–67, respectively, has been affected by the sale of investments.
§ Mr. Callaghan
Net sales (+) of overseas securities by United Kingdom residents and Net sales (—) of United Kingdom securities by overseas residents £m. April, 1964–March, 1965 April, 1965–March, 1966 April-Sept., 1966 Net sales of overseas securities: Private +3 +127 +64 Treasury dollar portfolio — +316 — Net sales of United Kingdom securities -8 -67 -22 These figures relate to net transactions in portfolio securities between United Kingdom and overseas residents. They do not necessarily measure the final effect on the balance of payments.
§ Mr. Hector Hughesasked the Chancellor of the Exchequer if he will make a statement on Great Britain's balance of payments with special reference to the levy of each of the countries in the European Economic Community and the special levy which would be required from Great Britain in the event of Great Britain joining that Community.
§ Mr. CallaghanI would refer my hon. Friend to the reply which my right hon. Friend the Prime Minister gave to the hon. Member for Cirencester and Tewkesbury (Mr. Ridley) on 13th December.—[Vol. 738, c. 243–244.]