§ Mr. Dell
I am glad to say that what is of use to the value of the £ sterling is that our trade with the EEC, as with other destinations of our exports, has been improving. There is, for example, the figure I gave my right hon. Friend earlier which was £163 million less than for the fourth quarter of 1975. Further, the three months to April show an accrued deficit with the EEC which again is down as compared with the preceding three months. I am sure that these are all points that my right hon. Friend will welcome.
§ Mr. Marten
Will not the new arrangements for monetary compensatory 908 amounts make quite a difference to the trade figures?
§ Mr. Skinner
In order to make a valid comparison, and to establish clearly the absence of any seasonal fluctuation, will my right hon. Friend give the figures for the comparable quarter as distinct from the quarter he referred to, which was the one immediately preceding?