§ Mr. Biffenasked the Chancellor of the Exchequer what is the total contingent liability currently incurred by the Government as a result of guarantees provided for non-sterling borrowing by public corporations.
§ Mr. DellI assume the hon. Member is referring to the foreign currency borrowing of public sector bodies, which is covered by a Government guarantee as to principal and interest. The outstanding amount of such borrowing for domestic purposes at end April was equivalent to some $5.0 billion.