§ Lord Kennetasked Her Majesty's Government:
What was the level of Soviet deposits in British banks and of Soviet indebtedness in Britain—
- (a) two years ago;
- (b) one year ago; and
- (c) at the latest convenient date.
§ Lord CockfieldThe available information is as follows:—
1570WA The figures incorporate all United Kingdom business of United Kingdom registered banks and certain other institutions (as used in the Bank of England Quarterly Bulletin) and credit guaranteed by the Export Credits Guarantee Department. The figures are expressed in dollars as most of the accounts are in dollar terms.
dollars million End End 1979 1981 1981 Deposits 2,945 2,370 1,536 (end December) Estimated indebtedness (gross) 3,600 4,200 4,000 (end June)