§ Mr. Staintonasked the Chancellor of the Exchequer what are the total borrowings made abroad by public authorities since March 1973 ; and what relation this figure bears to the official reserves.
§ Mr. NottBetween 1st March 1973 and 30th November 1973 nationalised industries and local authorities borrowed abroad for domestic use U.S. $2,145 million and Swiss francs 356 million. At the end of November 1973 the official reserves stood at U.S. $6,646 million.