§ Mr. Shersbyasked the Chancellor of the Exchequer if he will list net United Kingdom reserves of gold and currency for each of the years 1960 to 1975, inclusive.
§ Mr. DellRecent information about the level of the United Kingdom reserves is detailed in the quarterly balance of payments article in the Central Statistical Office's publication "Economic Trends". The information is published quarterly in 377W arrears and the latest figures are end of the third quarter 1975.
£ million (End of period) … Gold IMF Special Drawing Rights Convertible Currencies Reserve position at the IMF Total 1960 … 1,000 — 154 — 1,154 1961 … 810 — 375 — 1,185 1962 … 922 — 80 — 1,002 1963 … 887 — 62 — 949 1964 … 763 — 64 — 827 1965 … 809 — 264 — 1,073 1966 … 693 — 414 — 1,107 1967 … 538 — 585 — 1,123 1968 … 614 — 395 — 1,009 1969 … 613 — 440 — 1,053 1970 … 562 111 505 — 1,178 1971 … 323 246 1,957 — 2,526 1972 … 307 252 1,559 49* 2,167 1973 … 306 250 1,632 49 2,237 1974 … 306 287 1,666 86 2,345 1975 (Third Quarter) 306 290 1,308 120 2,024 Convertible currencies are valued at parity or middle rates equivalent to £1= $2.80 until end-September 1967; £1 = $2.40 from end-December 1967 to end-September 1971; at £1= $2.60571 from end-December 1971 to end-December 1972 and at £1= $2.89524 thereafter. * From July 1972 the official reserves were redefined to include the reserve position at the IMF.