§ 60. Mr. Grimond
asked the Chancellor of the Exchequer if he will give an estimate of what the value in 1945 terms will be of £1 of post-war credits in 1970 assuming inflation proceeds at the same average speed as over the last ten years.
§ Mr. R. A. Butler
I cannot accept the assumption contained in the Question. Accordingly I do not think it would be worth trying to make any estimate of the kind suggested by the hon. Member.