188
22)
187
Written Answers
10 MAY 1982
Velocity was at a low point in early 1974. Velocity fell in the early 1970s, partly as a result of the institutional changes associated with the introduction of competition and credit control, and the effects of "round-tripping" in adding to recorded monetary growth. The increase in the velocity of £M3 after early 1974 partly reflected the introduction of the SSD scheme in December 1973, which gave banks an incentive to reduce the size of their balance sheets and encouraged disintermediation.
Anglia Building Society
Mr. Weetch asked the Chancellor of the Exchequer whether any officials of the Registry of Friendly Societies were present in an official capacity at the annual general meeting of the Anglia Building Society held on 20 April.
Sir Geoffrey Howe: None.
Nationalised Industries
Mr. Foulkes asked the Chancellor of the Exchequer if he will publish in the Official Report a table updating for, 1982-83 on the same price bases the answer of 18 January 1982 to the hon. Member for South Ayrshire, Official Report, c. 78, on the disposal of public industrial interests.
Mr. Ridley: I shall let the hon. Member have a reply as soon as possible.
Value Added Tax
Mr. Montgomery asked the Chancellor of the Exchequer what was the value added tax yield in each of the last five years from (a) football and (b) the theatre.
Mr. Bruce-Gardyne [pursuant to his reply, 5 May 1982, c. 64]: I assume my hon. Friend is referring to the VAT yield from tickets for admission. Because traders registered for VAT are not required to make returns of the VAT charged on particular goods and services the information is not available but, from other sources, it is estimated that the yields from admissions to (a) association and rugby football matches and (b) theatres, concerts and circuses were of the order of:
etc.
(a) Football
(b) Theatres
etc.
1977-78
5
5
1978-79
5
10
1979-80
10
15
1980-81
10
25
1981-82
10
25
nnggg
Written Answers
FOREIGN AND COMMONWEALTH AFFAIRS
Argentine Government (Pensions)
• Mr. Silvester asked the Secretary of State for Foreign and Commonwealth Affairs how many people.iving in the United Kingdom are entitled to receive pensions from the Argentine Government; and what proposals he has for safeguarding these payments during the period of conflict.
Mr. Onslow: We have no information on the total number of United Kingdom residents entitled to receive Argentine pensions.
The payment of Argentine pensions has been suspended by the Argentine authorities. There is no statutory authority that would enable Her Majesty's Government to assume the lawful obligations of bodies resident in Argentina, or to provide financial compensation for the failure of the Argentine authorities' to meet those obligations. For our part we have placed no restrictions on the normal payment of pensions from Britain payable to residents of Argentina. In view of the hardship caused to pensioners by this Argentine action, we have asked the Swiss Government to make representations on our behalf to the Argentine authorities.
Supplementary benefit would be available to pensioners in these circumstances, subject to the normal qualifying conditions.
United Kingdom Dependencies
Mr. Iain Mills asked the Secretary of State for Foreign and Commonwealth Affairs if he will publish a list of the United Kingdom's dependencies.
Mr. Onslow: The remaining dependent territories are:
Anguilla Bermuda
x
British Antarctic Territory British Indian Ocean Territory British Virgin Islands Cayman Islands
Falkland Islands and Dependencies Gibraltar
Hong Kong
Montserrat
Picairn Group of Islands
St. Helena and Dependencies
Turks and Caicos Islands.
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Mr. Iain Mills asked the Secretary of State for Foreign and Commonwealth Affairs what is the population of each of the United Kingdom's dependencies; and how much aid was given in 1979, 1980 and 1981 to each dependency both directly as grant aid and indirectly as technical aid.
Mr. Onslow: The details are as follows:
AF24
Anguilla
Bermuda
£000 1979
£000 1980
Population
Financial Aid
Technical Co-operation
Financial Aid
Technical Co-operation
7,000 55,000
863
197
750
15
241
28
British Antarctic Territory
British Indian Ocean
Territory British Virgin Islands Cayman Islands
No indigenous population
No indigenous
population
97
11,000 17,000
522
259
955
276
149
(loan)
134
265
178
(loan)
M.
моя
Ar.
2/5
DATE 10:5.82
COL.
188
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