HC Deb 24 May 1966 vol 729 cc64-5W
94. Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer whether the proceeds of the sale of Her Majesty's Government's holding in the Amerada Petroleum Corporation have been reinvested in United States equity shares, placed in short-dated United States Government bonds and transferred to the reserves, or used to meet Her Majesty's Government's liabilities.

Mr. Callaghan

They are being reinvested in short-term dollar securities.