Government-held Securities (Hansard, 13 March 1968)

HC Deb 13 March 1968 vol 760 c326W 326W

§ Sir M. Stoddart-Scott
asked the Chancellor of the Exchequer if he will state the value in sterling at the 1964 rate of Government-held securities overseas in 1964; and what he estimates to be the value of these securities at the present rate of exchange.

§ Mr. Harold Lever
The figures are as follows:

£ million

End February, 1964

North American Securities 433

Holding in Suez Finance Company 20

Total 453

End February, 1968

North American Securities ^*See below

Holding in Suez Finance Company 17.5

Total 17.5

^*Following a decision taken in 1963 these securities were converted into cash or short-term claims. They were subsequently transferred to the reserves in two instalments, in February, 1966, and in November, 1967.

	£ million
End February, 1964
North American Securities	433
Holding in Suez Finance Company	20
Total	453
End February, 1968
North American Securities	^*See below
Holding in Suez Finance Company	17.5
Total	17.5
^*Following a decision taken in 1963 these securities were converted into cash or short-term claims. They were subsequently transferred to the reserves in two instalments, in February, 1966, and in November, 1967.