§ Mr. Woodall
asked the Chancellor of the Exchequer which items are included in "other debits" in Table 14 "Interest, Profits and Dividends", of United Kingdom balance of payments 1964 to 1974; and what is his estimate of their relative importance within the overall total for 1974 of £976 million.
§ Mr. Robert Sheldon
This item consists of a miscellany of interest and other payments to overseas residents by both United Kingdom official and private bodies. Details are given in the notes 477W and definitions to "United Kingdom Balance of Payments 1964–74" on page 73. The components of the total of £976 million for 1974 are as follows:
£ million Overseas oil companies' profits in the United Kingdom 46 Interest on external sterling liabilities 622 Interest on direct borrowing abroad 103 Interest on eurocurrency borrowing 115 Interest on import credit 40 Other official payments 45 Other non-official payments 5