§ Mr. Speedasked the Chancellor of the Exchequer if he will list each of the international borrowings and credit facilities that have been obtained since March 1974 and any repayments made.
§ Mr. Robert SheldonBetween March 1974 and April 1976 borrowing by Her Majesty's Government totalled $3.7 billion, comprising the $2.5 billion loan with the clearing banks and the IMF oil facility drawing. In addition, borrowing equivalent to $5.0 billion was undertaken by other public sector bodies from a combination of market sources, direct borrow-58W ing from countries on a bilateral basis, and from European institutions such as the EIB and ECSC. Repayments of public sector foreign currency borrowing in this period—other than the amortisation of the long-term debts—was equivalent to $0.3 billion.