§ Mr. Robert Sheldon
, pursuant to his reply [Official Report, 10th June 1976: Vol. 912, c. 752], gave the following information:
I assume that the hon. Member is interested in the foreign currency borrow- 815W ing and credit facilities of the Government and United Kingdom public sector. At the end of May, borrowing of this type undertaken since 1st March 1974 was equivalent to £5790 million converted at the exchange rates operatiing on 8th June. The only relevant lines of credit are the undrawn $800 million of the line of credit from Iran, and the $5.3 billion standby credit announced on 7th June. These borrowings and credit facilities are together equivalent to approximately £165 per head of the United Kingdom population.