§ Mr. Spellerasked the Chancellor of the Exchequer what steps the Government will take to recompense holders of British Savings Bonds who were not paid interest due on a contractual basis on 15 June and are still awaiting these payments.
Changes during period £(million) (a) Sterling M3(1) (b) Notes and coin in circulation with the public (b) as a percentage of (a) 1970 1,541 321 21 1971 2,455 273 11 1972 4,927 495 10 1973 6,702 305 5 1974 3,255 709 22 1975 2,330 816 35 1976 3,565 809 23 1977 4,132 985 24 1978 6,769 1,204 18 12 months to 19 Sept. 1979 5,707 961 17 (1) Notes and coin in circulation with the public plus private and public sector Sterling sight and time deposits with banks. Compilation of M2—which was not in fact identical to current and deposit bank accounts—was discontinued in 1972. Changes in sterling M3 and/or its components in banking months since mid-1971, and quarterly changes before then, have been published in Financial Statistics—in table 7.2 in recent issues. Monthly fighres for earlier than mid-1971 have not been compiled.