§ Mr. Brothertonasked the Chancellor of the Exchequer to what causes he attributes the increase in Treasury bill tender from £70 million in February 1975 to £400 million in February 1976.
§ Mr. DellThe size of the Treasury Bill tender reflects the residual central Government financing requirement after borrowing from other sources is taken into account. It fluctuates from week to
642WPensioners who have difficulty in collecting their pension can authorise another person to collect it on their behalf. The payment of pensions by weekly giro-cheques would be administratively expensive. A pension is a fixed amount and unless change of circumstances occurs it is convenient and cheap to issue pay dockets in book form.