§ Mr. Parkerasked the Chancellor of the Exchequer whether the Bank of England has made a profit by the sale of its gold stocks in the open market or to the Exchange Equalisation Fund; whether this profit has accrued directly or indirectly to the Treasury; and what is the amount involved?
§ Sir K. WoodSince the establishment of the Exchange Equalisation Account all profits made by the Bank of England by the sale of its gold stocks have accrued directly to the Treasury. For reasons of public interest the accounts of the Exchange Equalisation Account, including the surplus, are left unpublished.