§ Mr. Selwyn Lloyd
As the Answer to the first two parts of the Question involves a number of figures, I will with permission circulate them in the OFFICIAL REPORT. My right hon. Friend the Minister of Defence and I are taking all practicable measures to keep these costs as low as possible in the circumstances.
Mr. H. Wilson
Has the right hon. and learned Gentleman seen the figures which the Financial Secretary gave ten days ago in respect of the net overseas military expenditure of the Government? In view of the very serious increase in those figures, will he treat this matter as one of urgency and report to the House when he has something to tell us?
§ Mr. Lloyd
I agree that one important factor in our balance of payments is the question of overseas military expenditure. I also agree that another disturbing matter is the imbalance of payments, and the way in which Western Germany is accumulating these large reserves and not pushing any Deutschmarks into the world economy. That is one matter which is relevant, and involved in that problem is the cost of the troops in Germany.
§ Following is the information:
|FOREIGN EXCHANGE COST IN GERMANY OF MAINTAINING OUR TROOPS THERE|
|Year||Gross Cost||German Contribution||Net Cost|
|1960 (first six months)||29||6||23|