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Sterling Balances

Volume 768: debated on Monday 15 July 1968

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asked the Chancellor of the Exchequer what were the estimated total sterling balances in October 1964, at the time of devaluation and at the latest convenient date, respectively.

Figures are published quarterly. The sterling holdings of overseas countries at the nearest relevant dates were:—other distributions and from annual payments made in the course of the year. For the year 1967–68 330,000 forms were printed at a cost of £1,044 and it is estimated that about 250,000 were issued.The answer to the last part of the Question is "No".