HC Deb 01 April 1974 vol 871 cc266-7W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what is now his estimate of the cost to the reserves of the guarantee given to overseas official sterling holdings under the six-month scheme which expires this month.

Mr. Dell

The figure of £80 million given in Table 5 of the Financial Statement and Budget Report for payments in 1974–75 under the sterling guarantee arrangements is the present estimate of the cost of the six-month scheme which expired at the end of March.