§ Mr. Moyleasked the Chancellor of the Exchequer what is the amount in sterling 212W of purchases by the German Federal Bank of medium-term British Government debt under the offset agreement for the last financial year for which figures are available, and the amount of interest received by the German Federal Bank on those purchases during the same period.
§ Mr. Roy JenkinsIn accordance with Article 5 of the Anglo-German Offset Agreement of 11th April, 1968, the Deutsche Bundesbank invested during the last financial year D.M. 200 million (about £20.8 million) in a 4 ½-year United Kingdom Government bond. The interest paid in the financial year ended 31st March, 1969, totalled D.M. 5,750,000 (£604,865 sterling).