Catalogue description Treasury: Overseas Finance (Statistics) Division: Registered Files (2 OF(S) Series)

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Details of T 308
Reference: T 308
Title: Treasury: Overseas Finance (Statistics) Division: Registered Files (2 OF(S) Series)
Description:

The files selected to date mainly concern balance of payments issues, and the Committee on Balance of Initial Payment Prospects, and the Working Party on Balance of Payment Trends.
Date: 1960-1962
Held by: The National Archives, Kew
Former reference in its original department: 2 OF(S) Series
Legal status: Public Record(s)
Language: English
Creator:

Treasury, Overseas Finance (Statistics) Division, 1960-1962
Physical description: 12 file(s)
Access conditions: Subject to 30 year closure
Administrative / biographical background:

The Overseas Finance (Statistics) Division, a support branch of the Finance Division, provided general guidance on the balance of payments of other countries, and the international monetary situation.

In 1962 the OF(S) Division became known as the Finance (Statistics) F(S) Division and took on work regarding Organisation for Economic Co-operation and Development (OECD) Working Parties, sterling area and home financial statistics.

In September 1963 work on home financial statistics was transferred to Finance Home Division I. Finance (Statistics) Division had a close liaison with Central Economic Division (CE) when it was formed in January 1967.

In January 1969 F(S) Division became known as Finance (Balance of Payments) Division F(BP).

The division's most important work was the analysis, presentation and forecasting of the balance of payments (and, to a lesser extent, the international monetary situation generally) of other countries.

The division also contributed to a series of regular and ad hoc forecasting exercises, both short and long term. It was also involved in interdepartmental committees on the world economy.

The OF (S) Division dealt with the following matters:

Day to day overseas finance:

  • Statistics questions including:
  • Parliamentary Questions
  • Speeches, information papers, etc.
  • Submissions to international organisations
  • Current UK monetary and reserve positions;
  • Statistics of the UK balance of payment;
  • Payments in the past including:
  • Balance of Payments White Paper and Economic Survey
  • Overseas investment
  • Statistics of aid for less developed territories;
  • Balance of payments of:
  • Rest of sterling area
  • Non-sterling areas;
  • World reserve movements;
  • World Economic Problems Working Party;
  • Primary commodity prices;
  • Commonwealth Liaison Committee (Statistics);
  • Improvement of balance of statistics;
  • UK balance of payments prospects, including:
  • aid expenditure forecasts;
  • Statistics on oil transactions

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