HC Deb 29 November 1973 vol 865 cc187-8W
38. Mr. Jay

asked the Chancellor of the Exchequer what is the total sum borrowed overseas by the Government and other public authorities, including local authorities and nationalised industries, since the beginning of 1973.

Mr. Patrick Jenkin

Between 1st January and 31st October 1973 the nationalised industries and local authorities borrowed in foreign currency for domestic purposes approximately £1,000 million at current rates of exchange. There has been no overseas borrowing by Her Majesty's Government.

42. Mr. Golding

asked the Chancellor of the Exchequer how much money has been borrowed abroad by each nationalised industry before and after June 1970, respectively.

Mr. Patrick Jenkin

Following is the information :

original purchasers of 3½ per cent. War Loan he estimates are still owed their money; and what would be the cost of redeeming their loan at 1952 money values and present-day money values, respectively.

Mr. Patrick Jenkin

I am afraid that it would be too costly to analyse the stock registers to find this information.

Back to
Forward to