§ Mr. Hordernasked the Chancellor of the Exchequer if he will provide figures showing the costs in each year of Her Majesty's Treasury's exchange cover scheme for currencies borrowed by public sector bodies between February 1969 and September 1975.
£ million (not seasonally adjusted) Public sector borrowing requirement Financed by Direct external finance of the public sector Borrowing from the non-bank private sector Borrowing from the banking sector Take-up notes and coins Sales of debt In sterling In foreign currencies 1974–75 financial year 7,956* 874 4,295 127 1,106† 1,554 * Of which 2,163 is contributed by borrowing by local authorities from other sources and 1,131 by borrowing by central government for on-lending to local authorities. † This element essentially represents overseas borrowing by the public sector channelled through the banking system. Source: Bank of England Quarterly Bulletin—September 1975.