Written question asked by Peter Tapsell (Conservative) on Tuesday, 2 November 1999, in the House of Commons. It was due for an answer on Tuesday, 9 November 1999. It was answered by Melanie Johnson (Labour) on Tuesday, 9 November 1999 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what are the official gold reserves expressed in tonnes of (a) Germany, (b) France and (c) Italy; and what will be the gold reserves expressed in tonnes of the United Kingdom after the completion of the gold sales programme announced on 7th May. - Inc figure and ref to IMF's International Financial Statistics. (Holding answer 8 November 1999).

Answer: Sir Peter Tapsell: To ask the Chancellor of the Exchequer what are the official gold reserves expressed in tonnes of (a) Germany, (b) France and (c) Italy; and what will be the gold reserves expressed in tonnes of the United Kingdom after the completion of the gold sales programme announced on 7 May. [97396] Miss Melanie Johnson: [holding answer 8 November 1999]: Figures on the gold holdings of other countries can be found in the IMF's International Financial Statistics. Over the medium term the Government are planning to reduce their gold holdings to around 300 tonnes.

Secondary information

Type: Written question
Reference: 97396; 337 c515W
Session: 1998-99
Subjects: EU countries Germany France Italy Gold and foreign exchange reserves
Contains statistics: Yes