HC Deb 25 January 1949 vol 460 c746
53. Mr. Osborne

asked the Chancellor of the Exchequer if, by the statement in paragraph 196 of Command Paper No. 7572 that though by 1952 net invisible earnings will be the same value as 1938, the buying power in terms of imports will be little more than one third, he assumes there will be no improvement in the terms of our external trade before 1952.

Sir S. Cripps

I would refer the hon. Member to paragraph 4 of the Foreword to Cmd. 7572.

Mr. Osborne

Does the Chancellor know whether all his Cabinet colleagues have read that paragraph and understand it?

Sir S. Cripps

That is another question.