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Published online by Cambridge University Press: 26 March 2020
note (1) page 65 The effects of transactions involving the United Kingdom only because of the multilateral use of sterling are excluded.
note (2) page 65 The net effect of the various transactions with West Germany from 1957 to 1966 was to accelerate debt repayment by 83. The reserves presumably benefited correspondingly over the whole period. It is not, however, possible to distinguish accurately for a given year between effects on reserves and other short-term capital items.
note (1) page 66 In the seasonally adjusted series the saving has been distributed over the four quarters of 1968.