Banks (External Liabilities)

HC Deb 20 June 1967 vol 748 c229W

87. Mr. John Hall

asked the Chancellor of the Exchequer what were the levels of United Kingdom banks' external liabilities, in total and net of claims, in foreign currencies and in dollars at the end of March, 1963 and March, 1967; and what were the ratios between United Kingdom external liabilities in foreign currencies and in sterling on the same dates.

Mr. Callaghan

The information is as follows:—

	£ million
	end-March, 1963	end-March, 1967
(i) U.K. gross liabilities in non-sterling currencies	1,209	3,053
(of which U.S. dollars)	(1,028)	(2,773)
(ii) U.K. net liabilities in non sterling currencies	45	106
(of which U.S. dollars)	(80)	(286)
(iii) U.K. gross external liabilities in sterling	4,569	6,159
(iv) U.K. net external liabilities in sterling	3,666	4,918
Line (i) expressed as a per centage of line (iii)	26	50
Line (ii) expressed as a per centage of line (iv)	1	2