§ 20. Mr. Nabarroasked the Chancellor of the Exchequer what increase in dollar expenditure for United States oil has taken place during three months ended 28th February, 1957, compared with the equivalent period a year earlier.
§ Mr. P. ThorneycroftAbout £30 million more was spent on oil in United States dollars in the three months up to 31st January, 1957. This is a gross figure and represents only one of the ways in which oil purchases affect the balance of payments. Figures for February and for United States oil purchases are not available.