CAB129-45 — Page 318

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Table 11

12

Reserves and liabilities

Page 318.

United Kingdom sterling liabilities, official holdings of non-dollar currencies and credit balances in E.P.U.

units of account(1)

End of month

Göld

United States dollars

Canadian dollars

Total gold and dollar holdings

United Kingdom

sterling liabilities

Non-

Sterling

sterling area countries (2) countries

Total

Official holdings of balances non-dollar in E.P.U currencies

Credit

units of

(3)

account

U.S. $ million

£ million (4)

£ million

1945 December

1,987

471

1946 December

2,429

219

1947 December

2,008

45

1948 December

1,611

228

1949 December

1,321

308

08

18

2,476

610

1,234

2,454

3,688

48

2,696

664

1,304

2,417

3,721

41

26

2,079

512

1,309

2,288

3,597

17

1,856

457

1,063

2,361

3,424

60

1,688

603

1,073

2,352

3,425

*-888

37

38

23

1950 March

1,478

392

115

1,984

709

1,033

2,497

3,530

37

June

1,604

653

166

2,422

865

1,004

2,570

3,574

41

September...

2,320,

242

194

2,756

984

979

2,594

3,573

77

October

2,556

380

182

3,118

1,114

1,030

2,641

3,671

107

November

2,750

295

168

3,212

1,147

1,026

2,670

3,696

66

December

2,862

274

164

3,300

1,178

1,023

2,734

3,757

51

889909

50

80

1951 January

3,006

244

161

3,411

1,219

989

2,807

3,796

February

3,142

260

163

3,565

1,273

979.

2,908

3,887

698959

88

62

94

March

3,327

267

164

3,758

1,342.

.I

(1) Excluding holdings of non-territorial organisations.

Including Egypt, Sudan and Israel throughout.

DOOO

All O.E.E.C. countries' currencies except £1 million in 1945, 1946 and 1947. Conversion rates:-

Until 18th September, 1949, gold 172s. 3d. per fine ounce, U.S. $4.03=£1,

Canadian $4.44=£1 (until June 1946), thereafter $4.03=£1.

From 19th September, 1949, gold 250s. Od. per fine ounce, U.S. $2·80=£1, Canadian $3.08=£1 (until September 1950), thereafter at the rate ruling from time to time.

Gold and dollar holdings at 18th September, 1949, converted at old rates

330, new rates 479.

Table 12

Index of volume of stocks of food and animal feeding-stuffs, raw materials and

petroleum products in the United Kingdom(1)

End of December 1949 = 100

All stocks

Food(2)— Total

.:

Cereals, oilcake, etc. Other food Beverages

Raw materials (3)—

Total

Steel-making materials

:

1949

1950

1951

March

June

September December

March

June

September December

January (provisional)

88

93

102

100

92

22

39

89

86

83

93

100

2 2480

79

78

75

100

88888

97

58885

100

91

95

99

100

80

80

- 80

96

100

93

104

99

100

109

97

488888

85

89

79

2 2885

79

75

79

74

74 71 75 81

:

Non-ferrous metals

Timber

Textiles

Pyrites, sulphur, etc.

Fertilizers

Paper and paper making

materials

...

108

Miscellaneous

Tobacco

105

Petroleum products

(1) Stocks

Pagif commodity have been revalued at the appropriate

f.o.b. price prevailing in the last quarter of 1949.

(2) Excluding stocks on farms.

(3) Excluding stocks of pig-iron and steel.

*. *.***. 22 8.5

99

108

100

92

92

91

64

78

102

100

102

103

102

81

97

110

100

.94

98

.91

76

.90

100

83

71

97

107

114

100

93

95

88

101

103

100

88

106

42

56

74.

100

48

34

104

106

100

83

78

106

109

100

100

102

88

77

84

100

95

85

5 288 6 8

85

80

84

72

94

87

96

91

66

109

113

69

97

95

8 888 88

83

79

75

67

90

68

105

104

97

104

104

100

100

104

101

103

101

587

Page 318

Table 13

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