HC Deb 25 June 1976 vol 913 cc476-7W
Mr. Woodall

asked the Chancellor of the Exchequer which items are included in "other debits" in Table 14 "Interest, Profits and Dividends", of United Kingdom balance of payments 1964 to 1974; and what is his estimate of their relative importance within the overall total for 1974 of £976 million.

Mr. Robert Sheldon

This item consists of a miscellany of interest and other payments to overseas residents by both United Kingdom official and private bodies. Details are given in the notes and definitions to "United Kingdom Balance of Payments 1964–74" on page 73. The components of the total of £976 million for 1974 are as follows:

£ million
Overseas oil companies' profits in the United Kingdom 46
Interest on external sterling liabilities 622
Interest on direct borrowing abroad 103
Interest on eurocurrency borrowing 115
Interest on import credit 40
Other official payments 45
Other non-official payments 5

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