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Mr. Dodsworth
asked the Chancellor of the Exchequer (1) what was the average rate of interest paid on British overseas borrowing for each of the last 12 months;(2) if he will publish in the
Official Report a table showing the total amount of British overseas borrowing for each of the last 12 months, indicating the total borrowed from the International Monetary Fund and from other sources, respectively.
Mr. Dell
The only figures available on a monthly basis are for foreign currency borrowing by the public sector under the exchange cover scheme and drawings on the facility for Her Majesty's Government to borrow $2–5 billion on the Eurodollar market. For 1974 these were as follows:
| $ million | ||
| Public sector borrowing | Drawings on HMG loan | |
| 1974— | ||
| January | 12 | — |
| February | 20 | — |
| March | 682 | — |
| April | 749 | — |
| May | 124 | — |
| June | 165 | — |
| July | 10 | — |
| August | 125 | — |
| September | 309 | — |
| October | 10 | 500 |
| November | 400 | 750 |
| December | — | 250 |
| 2,606 | 1,500 | |
| £ million | ||||||||
| Official long-term capital | Net transactions with IMF | Net transactions with other monetary authorities | Public sector borrowing overseas | |||||
| 1968 | … | … | … | … | +16 | +506 | +709 | — |
| 1969 | … | … | … | … | -99 | -30 | -669 | +21 |
| 1970 | … | … | … | … | -204 | -134 | -1,161 | -2 |
| 1971 | … | … | … | … | -273 | -554 | -1,263 | +65 |
| 1972 | … | … | … | … | -255 | -415 | +864 | — |
| 1973 | … | … | … | … | -252 | — | — | +901 |
| 1974 (to end-September) | … | -109 | — | — | +704 | |||