1946 June

December

1947 March

June

September December

1948 January

February

March

April May June

July August September

October November December

1949 January

February

::

::

:::

:::

:::

14

Reserves and liabilities

Page 487

£ million

U.K. Sterling Liabilities

Total

Unused credits

Gold

United States dollars

Canadian gold and

dollars

including loans to H.M.G.(2)

dollar holdings(1)

United States

Canadian Non-sterling Sterling Area

countries(3) countries

526.1

31.8

8.7

566.6

930-5

245.5

1,266

2,474

597.6

54.4

12.0

664.0

781-6

176.2

1,295

2,414

557.0

25.4

3.3

585-7

657-5

151.4

1,349

2,409

581.7

9.2

2.1

593.0

421-8

138.2

1,369

2,317

560.5

20.9

586.5

99-3

101.0

1,313

2,274

494.0

11-1

511.6

74-4

71.2

1,303

2,270

469.1

11.0

2.7

482.8

49.6

67.5

1,277

2,276

523.3

20.5

4.7

548.5

24-8

63.8

1,263

2,314

518.9

27-2

5.6

551.7

60.0

1,219

2,375

506-4

14-1

13.0

533.5

58.3

1,195

2,396

498-4

9-6

6.5

514.5

58.3

1,181

2,414

438-2

30.3

4.2

472-7

58.3

1,167

2,388

440.9

18-6

4.0

463.5

58.3

1,146

2,364

430.6

19.8

5.7

456.1

58.3

1,129

2,322

421.8

11-3

4.3

437.4

58.3

1,097

2,329

417.5

11-3

3.6

432.4

58.3

1,074

2,329

400.4

14.9

3.3

418.6

58.3

1,058

2,323

396.4

56.5

4.3

457-2

58:3

1,057

2,304

395-7

61.7

7.3

464.7

55.8

1,029

2,273

401.5

66-8

5.5

473.8

53.3

(1) Gold and dollar spot: holdings of Exchange Equalisation Account only. After payment of subscriptions to International Bank and

Monetary Fund.

(2) Excluding holdings of International Bank and Monetary Fund. (3) Including Egypt and Palestine.

Table 12

Prices

Index of export prices(1)

Index of Index of Index of

Index of

import

whole-

agri-

retail

prices

sale

cultural

prices

Index of wholesale prices

prices

prices

United States prices

Index of wholesale prices of farm products

Total deposits of the London

Currency

clearing circula- banks tion(2)

Yield

on

Small savings(3)

21%

Consols

Weekly averages

1947=100

1936/38 |1938-100 =100

June 17,

1947=100

1938=100

£ million

Per cent. million

1946 December

177

243

179

245

5,685

1,380

2.54

2.2

1947 June

187

193

100

188

260

5,658

1,371

2.68

-1.06

1948 January

106

107

209

274

104

211

291

5,776

1,263

3.08

9.32*

February

108

109

214

273

106

205

271

5,642

1,229

3.15

6.06

March

108

109

214

264

106

205

272

5,794

1,233

3.22

3.61

:

April

109

113

216

243

108

207

273

5,861

1,230

.3.28

1.68

May

109

114

217

225

108

208

276.

5,869

1,236

3.25

-0.17*

June

109

115

219

224

110

210

284

5,955

1,240

3.27

-1.03

July

110

115

219

225

108

214

286

5,909

1,258

3.28 -3·11*

August

111

115

218

240

108

215.

279

5,903

1,250

3.26 -1.24

September

112

115

217

239

108

214

276

5,950

1,229

3.22

1.37

October ...

112

116

217

257

108

210

267

6,040

1,222

3.18

0.82*

November

111

117

217

272

109

209

258

6,057

$1,223

3.16

1.25

December

113

117

218

280

109

208

259

6,200

1,253

3.14

-4.40

1949 January.......

113

117

218

278

109

204

253

6,057

1,221

3.12

4.81*

February

218

109

201

245

5,817

1,219

3.09

(1) Exports of United Kingdom produce.

(2) Average estimated circulation with the public.

(3) Net proceeds from National Savings Certificates, Defence Bonds and

Post Office and Trustee Savings Banks. Excluding repayments of maturing Defence Bonds.

* Average of five weeks.

Page 487

Page 487

15

248

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