Written question asked by Geoffrey Johnson Smith (Conservative) on Monday, 31 January 2000, in the House of Commons. It was due for an answer on Friday, 4 February 2000. It was answered by Melanie Johnson (Labour) on Friday, 4 February 2000 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, what was (a) the price at which the Bank of England sold gold from the reserves in the past 12 months, (b) the total amount of these sales proceeds which was invested in the purchase of euros and (c) the price at which the euros were purchased. - Ref to 13 December 1999, 341 c76W.

Answer: Sir Geoffrey Johnson Smith: To ask the Chancellor of the Exchequer what was (a) the price at which the Bank of England sold gold from the reserves in the past 12 months, (b) the total amount of these sales proceeds which was invested in the purchase of euros and (c) the price at which the euros were purchased. [108293] Mr. Bercow: To ask the Chancellor of the Exchequer what the sterling value was of each of the sales of gold from the reserves at the time of sale in the last 12 months; and if he will list (a) the amount of euros purchased with the resulting funds and (b) the dates of purchase. [108446] Miss Melanie Johnson: I refer the hon. Members to the answers I gave the hon. Members for Rochford and Southend, East (Sir T. Taylor) and for Louth and Horncastle (Sir P. Tapsell) on 13 December 1999, Official Report, column 76W.

Secondary information