HC Deb 28 April 1976 vol 910 cc122-4W
Mr. Shersby

asked the Chancellor of the Exchequer if he will publish in the Official Reportdetails of Great Britain's debts to the Central Bankers and the International Monetary Fund in respect of each of the years from 1960 to 1975 inclusive.

Mr. Robert Sheldon

A detailed list of the United Kingdom's short- and medium-term borrowing from abroad has

$million (net borrowing (+), repayments(-))
IMF Foreign currency deposits by monetary authorities Other borrowing with a sterling counterpart*
1960 -325
1961 +1,040
1962 -1,040
1963
1964 +1,000 +202 +403
1965 +1,370 -202 +510
1966 +40 +40 +785
1967 -902 +423 +1,292
1968 +1,215 +43 +1,852
1969 -73 -146 -1,458
1970 -322 -360 -2,426
1971 -1,247 -958
1972 -1,081
1973
1974
1975
*Borrowing from monetary authorities, a consortium of Swiss banks in 1967 and Switzerland in 1964–65 as a sterling counterpart to foreign currency deposits.
Non-dollar currencies have been converted to dollars at the parity or central rates obtaining at the end of the appropriate years.

In addition, British Government stocks and Treasury bills are held by overseas monetary authorities. It is possible to give only net changes for these holdings, and during the period in question the movements were as follows:

£ million
British Government Stocks Treasury Bills
1963* -33 +119
1964 +52 -84
1965 -46 -260
1966 -51 -57
1967 -40 -136
1968 -22 -47
1969 +237 -95
1970 +63 +9
1971 +55 +363
1972 +65 +180
1973 +74 -324
1974 -124 +1,072
1975 -15 -484
*Figures for the holdings of British Government Stocks and Treasury Bills were only recorded from end-1962 onwards.

been published in the March edition of the Bank of England Quarterly Bulletin. The list covers the period 1947 to 1975, and details borrowing from the IMF and other overseas monetary authorities. For the period requested, the figures are as follows: