§ Mr. Aitkenasked the Chancellor of the Exchequer if he will set out in the OFFICIAL REPORT a table showing Great Britain's total gold reserves at each fiscal year end since 1960.
§ Mr. Hugh Fraserasked the Chancellor of the Exchequer what was the size of United Kingdom gold stocks in 1963 and in each subsequent year.
§ Mr. DellThe information is set out in the following table. The sterling valuation is on the basis of the gold parity; this was £12.5 per fine ounce until 18th November 1967 and £14.5833 per fine ounce thereafter.
Date Gold Stock in United Kingdom Reserves (in millions of ounces*) Value (in £ million) End March: 1960 … … 70.063 876 1961 … … 74.952 937 1962 … … 68.733 859 1963 … … 69.925 874 1964 … … 70.238 878 1965 … … 60.317 754 1966 … … 58.190 727 1967 … … 47.915 599 1968 … … 42.660 622 1969 … … 42.163 615 1970 … … 41.957 612 1971 … … 32.114 468 1972 … … 21.430 313 1973 … … 21.344 311 1974 … … 21.026 306 * All figure rounded to the nearest thousand ounces