HC Deb 08 November 1976 vol 919 cc73-4W
Mr. Forman

asked the Chancellor of the Exchequer what is his estimate of the

Japanese yen on 27th October 1973, 1974, 1975 and 1976.

Mr. Robert Sheldon

Information about the various exchange rates is not available for 27th October for the years 1973–75 but the rates at end-October in these years and 27th October 1976 were as follows:

ended October 1973, October 1974, October 1975 and October 1976.

Mr. Robert Sheldon

Foreign currency borrowing by Her Majesty's Government during the specified periods was as follows:

external debt service ratio of the United Kingdom.

Mr. Robert Sheldon

I assume that the hon. Member has in mind the ratio of interest profits and dividends accruing to non-residents in any one year on account of the United Kingdom public sector to the total of public sector external liabilities outstanding at the end of the previous year. In 1975 the first of these aggregates was £815 million and the second around £7.6 billion: the ratio of these figures is 10.7 per cent.