§ Sir M. Stoddart-Scott
asked the Chancellor of the Exchequer if he will state the value in sterling at the 1964 rate of Government-held securities overseas in 1964; and what he estimates to be the value of these securities at the present rate of exchange.
§ Mr. Harold Lever
The figures are as follows:
£ million End February, 1964 North American Securities 433 Holding in Suez Finance Company 20 Total 453 End February, 1968 North American Securities *See below Holding in Suez Finance Company 17.5 Total 17.5 *Following a decision taken in 1963 these securities were converted into cash or short-term claims. They were subsequently transferred to the reserves in two instalments, in February, 1966, and in November, 1967.