An independent Scotland could lay claim to a part of the United Kingdom’s 310-tonne gold reserves if votes go in favour of the “Yes” campaign this month, with ownership of Britain’s bullion hoard up for negotiation along with other assets.

“The distribution of the UK’s assets in the event of Scottish independence would be subject to negotiation between an independent Scottish Government and the continuing UK government,” a spokesman for the United Kingdom Treasury said on Monday.

The United Kingdom, whose reserves are worth 7.84 billion pounds ($12.6 billion) at today’s prices, is currently the world’s 18th largest official sector gold holder.

A decision to break away from the United Kingdom when Scotland’s voters go to the polls on Sept. 18 would be followed by negotiations with London over a raft of assets, including the pound and North Sea oil.

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