Brain-Teaser 26: Farmer’s overdraft

From The Sunday Times, 17th September 1961 [link]

Farmer Green was in the red. On studying his statement (which was entirely in complete £s) he found that the aggregate of the figures in his deposits total was only one-fourth of the aggregate of the figures in his withdrawals total. He also noted that, coincidentally, the latter aggregate equals the balance, in red, that would be shown when he has paid in the £749 cheque which he, fortunately, had received that morning.

What was the overdraft shown on the statement?

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