§ 70. Mr. Osborneasked the Chancellor of the Exchequer how much was the United Kingdom trading deficit with the dollar area for 1950.
§ Mr. GaitskellI must ask the hon. Member to await the full analysis of the United Kingdom's trading position in 1950, which will be shown in the next Balance of Payments White Paper.
§ Mr. OsborneWill the Chancellor tell the House whether or not we had a deficit with the United States, including the amount we had free from America by way of Marshall Aid?
§ Mr. GaitskellDisregarding Marshall Aid, I think I can say that the deficit, although it existed, was substantially smaller than in the previous year.
§ Mr. OsborneIrrespective of Marshall Aid?
§ Mr. GaitskellYes, Sir.