§ LORD ERROLL OF HALE
asked Her Majesty's Government:
What has been the yield to the reserves on a quarterly or other convenient basis, since its inception, of the requirement that 25 per cent. of the proceeds of a sale of dollar securities must be surrendered to the authorities.
§ LORD BESWICK
The reserves benefited by the foreign currency equivalent of nearly 700 million dollars between the introduction of this scheme in April, 1965, and the end of May this year, implying an annual average yield of about 220 million dollars.
House adjourned, for the Summer Recess, at nine minutes past five o'clock, until Monday, 7th October, 1968.