§ 51. Sir Richard Glynasked the Chancellor of the Exchequer what was the total sum borrowed from overseas between 15th October, 1963, and 15th October, 1964; and what was the total sum in capital and interest which was repaid between July, 1945, and 15th October, 1964, in respect of sums borrowed from overseas between July, 1945, and October, 1964.
§ Mr. DiamondI assume the Question relates to inter-government borrowing at longer term. There was none of this in the first period, though short-term assistance of £76 million was taken from458W central banks up to September, and a further amount in the first half of October, 1964. The answer to the second part of the Question is £969 million.
§ Sir Richard Glynasked the Chancellor of the Exchequer what was the total sum borrowed from overseas, expressed in £s sterling at the present rate of exchange, between July, 1945, and October, 1951; how much of this remained outstanding in October, 1964; and how much has been repaid since October, 1964.
§ Mr. CallaghanAssuming the hon. Member means long-term borrowing by the Government, the sums in question are £2,025 million, £1,599 million and £8 million.
§ Sir Richard Glynasked the Chancellor of the Exchequer what is the total sum which the Government have borrowed from overseas sources since 15th October, 1964; what interest is payable on these loans; and when the total sum borrowed in this period will be repaid.
§ Mr. Callaghan£899 million from the I.M.F. and Switzerland. Charges on I.M.F. loans vary in relation to the amount outstanding and the period for which it has been outstanding. Details are given in International Financial Statistics, a copy of which is available in the library. Repayment falls due between 1967 and 1970.