Treasury Bills.

Oral Answers to Questions — Ireland. – in the House of Commons on 18th May 1922.

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Photo of Sir Patrick Hannon Sir Patrick Hannon , Birmingham Moseley

37.

asked the Chancellor of the Exchequer what proportion of the Treasury Bills shown in the Floating Debt Return for March, 1922, consisted of bills deposited as collateral security for external debt; and whether this sum is also included in the total of external debt for the same date?

Mr. YOUNG:

The Treasury Bill total given in the Exchequer Return for 31st March, to which I assume my hon. Friend refers, is the total of all Treasury Bills. Of this total about £8,500,000 either carry an option of repayment abroad or are issued as collateral for foreign debt. These bills are counted as external debt for the purposes of the External Debt Return.