Foreign Loans

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 29 November 1973.

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Photo of Mr Patrick Jenkin Mr Patrick Jenkin , Wanstead and Woodford 12:00, 29 November 1973

The total amount borrowed in foreign currencies by nationalised industries and local authorities for domestic purposes between June 1970 and 31st October 1973 amounted to approximately £1,100 million at current rates of exchange.