§ Mr. Teddy Taylor
asked the Chancellor of the Exchequer what was the total outstanding amount of home and overseas debt, respectively, owed by Her Majesty's Government in October 1974; and what is the comparable figure in each case on the most recent date for which figures are available.
§ Mr. Denzil Davies
The information requested is as follows:
At 31st October 1974:
- (i) Debt payable in sterling—£41,141 million.
- (ii) Debt payable in foreign currencies—US$4,061 million; Can $ 853 million.
At 21st May 1976:
The sterling figures do not take account of certain small adjustments since 31st March 1974 and 1975 respectively, for charges in balances held by Government Departments.
- (i) Debt payable in sterling—£.53,917 million.
- (ii) Debt payable in foreign currencies—US $ 5,789 million; Can $ 808 million.