§ Mr. Sillarsasked the Chancellor of the Exchequer if he is able to estimate the level of Scottish bank loans to Scottish industry in each of the past 15 months; and what proportion these loans represented of total deposits.
§ Mr. Denzil DaviesSeparate figures for bank lending to Scottish industry are not available. However, quarterly figures are published for the Scottish clearing banks' advances to industry in the United Kingdom as a whole; these do not include lending to Scottish industry by other banks located in Scotland or by banks based elsewhere. Neither do the figures include lending to industry indirectly through financial subsidiaries of industrial companies, nor by means other than advances—for example, through commercial bills or leasing. The relevant information is in the following table. Total outstanding deposits and advances are shown. For comparison, advances to industry as a proportion of the London clearing banks' deposits are shown in the final column.
"Revenue Statistics of OECD member countries 1965–1975" recently published by OECD. A percentage distribution of the main categories of tax is given in Table 7 on page 82, and the tax receipts of central and local or State Government are shown separately in Annex 1 of the publication. In addition, Annex 2 contains provisional estimates of tax revenues in 1976 for most of the countries.