§ Mr. Ripponasked the Chancellor of the Exchequer what amounts Her 473W Majesty's Government have borrowed overseas between March 1974 and April 1976; how much overseas debt was repaid over the same period; and how these figures compare with overseas debt incurred and repaid between May 1970 and February 1974.
§ Mr. Robert SheldonI assume the hon. Member is interested in the foreign currency borrowing of Her Majesty's Government. Between March 1974 and April 1976 Her Majesty's Government borrowed some $3.67 billion and repaid the equivalent of $0.37 billion. Between May 1970 and February 1974 the respective amounts were $2.6 billion and $7.13 billion.