HC Deb 24 July 1975 vol 896 c286W
Dr. Reginald Bennett

asked the Chancellor of the Exchequer how the amount of US$14,140,000,000 calculated by the Bank for International Settlements in its Annual Report for the year ended 31st March 1975, as the total of the net external liabilities in sterling and foreign currencies of United Kingdom banks, is being employed in the domestic economy; and what proportion of this amount represents claims by United Kingdom banks on the central Government, the local authorities and the nationalisd industries.

Mr. Dell

It is not possible to match the change in the banks' external liabilities to any particular elements of the change in their advances to the domestic economy.