OVERSEAS DEBTS
(N.Z.P.A.-Reuter—Copyright)
LONDON, Feb. 3
For the fifth month in succession Britain was able in January to repay some of her overseas debts and still increase her reserves of gold and other convertible currencies, it was announced yesterday. At the end of January the reserves stood at £1,078 million—an increase of £5 million during the month.
This small increase is an indication that the Government is continuing its policy of using all available funds to repay the money borrowed from overseas banks during the last 15 months to save the pound from devaluation.
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Press, Volume CV, Issue 30976, 4 February 1966, Page 13
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94OVERSEAS DEBTS Press, Volume CV, Issue 30976, 4 February 1966, Page 13
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