§ Mr. Martenasked the Chancellor of the Exchequer if he will estimate the amount which United Kingdom financial institutions have loaned to foreign countries in each of the years 1973 to 1976.
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§ Mr. Denzil DaviesThe latest available United Kingdom balance of payments statistics are published in
£ million 1973 1974 1975 1976 Net borrowing (+)/lending (-) in foreign currencies by United Kingdom banks*,† -60 -569 -52 -8 Export credit extended (-) by United Kingdom banks*,† -374 -617 -741 -822 Other overseas sterling lending (-) by United Kingdom banks*,‡ 35 53 153 -345 * Including certain other financial institutions. † Excluding borrowing to finance United Kingdom overseas investment and borrowing for on-lending to United Kingdom public corporations under the exchange cover scheme. ‡ Changes in credit outstanding: positive figures indicate net repayments of credit. These figures do not include long-term direct or portfolio investment by United Kingdom financia institutions.