| Description | Material help given to HM Treasury (HMT) for oral evidence and questions arising on Exchange Control Regulations (authorised dealers, retained foreign current accounts, commodity shunting and transferable sterling, domestic monetary effects of exchange movements, forward sterling transactions); Exchange Equlaisation Account (EEA), Treasury Bills, and British Government market securities; local authority and nationalised industries' short-term borrowings; European Payments Union, European Monetary Agreement and international liquidity, dollar securities 'pool' held by United Kingdom (UK) residents; the 'desirable' balance of payments surplus. |