§ Mr. C. Osborneasked the Chancellor of the Exchequer what is the estimated nominal value of the capital invested today in Government securities, corporation stocks, public works stocks, overseas Government and corporation stocks, bank deposits, building society loans and deposits, Trustee Savings Bank deposits, and National Savings, respectively, and in any other fixed interest savings.
§ Mr. BarberThe following figures are as at or about the end of 1960 except where otherwise indicated. Quoted securities are shown at nominal values.
34W
£ million British Government securities, and Government-guaranteed securities of public corporations (1) (2) 13,964 Other Government-guaranteed marketable securities (1) (3) 94 U.K. Treasury Bills (market) out standing (4) 3,488 Local government authorities in Great Britain (5): Stocks quoted on London Stock Exchange 556 Corporation or local bonds (including housing bonds) 142 Mortgages (other than those held by P.W.L.B.) 1,353 Temporary borrowing 756 Other securities quoted on London Stock Exchange: U.K. public boards 183 Commonwealth and foreign governments, corporations, etc. 1,529 International Bank for Reconstruction and Development 19 Companies' loan capital 1,213 National Savings: National Savings Certificates (6) 2,641 Defence Bonds 1,033 Premium Savings Bonds 296 Deposits in Post Office Savings Bank (6) 1,710 Deposits in Trustee Savings Banks (6): Ordinary departments 876 Special investment departments 439 Tax Reserve Certificates 575 Bank deposits (current and deposit accounts) (7): London clearing, Scottish and Northern Irish banks 8,020 Overseas banks in London (8) 372 Accepting houses (8) 174 Building societies: shares and deposits 2,960(9) Finance houses (10): deposits 344 NOTES
(1) At 31st March, 1960.
(2) Excluding securities held by National Debt Commissioners and Bank of England but not those held by other Government Departments.
(3) Excluding stocks guaranteed for interest only and loans and stocks not wholly expressed in sterling.
(4) Excluding bills held by National Debt Commissioners, Exchange Equalisation Account, other Government Departments and Bank of England.
(5) At 31st March, 1960, for authorities in England and Wales, 15th May, 1960, for authorities in Scotland.
(6) Including accrued interest.
(7) No deductions have been made from these figures in respect of balances with other banks or items in transit.
(8) Deposits of United Kingdom residents only.
(9) Partly estimated.
(10) Members of Finance Houses Association and Lombard Banking Ltd. only.
Sources. Annual Abstract of Statistics, Monthly Digest of Statistics, Economic Trends (February, 1961), Economic Survey, 1961, Bank of England Quarterly Bulletin Vol I, No. 2, Council of the Stock Exchange.