§ Mr. Wingfield Digbyasked the Chancellor of the Exchequer what sum has been realised by the withholding of 25 per cent. of the dollar premium sales, up to date.
§ Mr. Roy JenkinsUnder the scheme referred to the equivalent in foreign currency of 25 per cent. of the proceeds of sales of foreign securities has to be exchanged for sterling at the official rate. As a result the reserves benefited by the foreign currency equivalent of $563 million between April, 1965 and November. 1967.