§ 18. Mr. Wintertonasked the Chancellor of the Exchequer how much short-, medium- and long-term debt has now been paid off since 18th June, 1970; how much remains to be paid off; and how much of this was incurred in the periods of 1945–50, 1950–51, 1964–70 and 1970–72.
§ Mr. HigginsBetween end-June 1970, and end-February, 1972, £1,252 million was repaid. At the end of that period, £415 million of medium-term debt and £1,890 million of long-term debt was still outstanding.
Following is the information:
Short-and Medium-term £m. Long-term £m. Outstanding at end-February, 1972 415 1,890* Of which: Borrowed in 1945–50 — 1,686 1950–51 — 12 1964–70 415† 176 1970–72 — — * Includes £16 million borrowed between 1951–53. †Drawn from I.M.F. in instalments between June, 1969 and March, 1970; repayable in instalments June, 1972–March, 1973. Note: Sterling valuation is in all cases of debt outstanding at central rate of $2.6057=£1.