HC Deb 20 June 1961 vol 642 cc121-2W
80. Mr. Peyton

asked the Minister of Transport if he will publish in the Official Report a statement, for the last ten years, of the amounts earned by United Kingdom ships carrying foreign goods and the amounts disbursed on account of United Kingdom goods carried in foreign ships; and what action he intends to take to remedy the steadily worsening position.

Mr. Marples

I am circulating below such figures as are available. These figures are being taken into account in the Government's review of the recent recommendations of the General Council of British Shipping.

£ millions
1958 1959 1960
United Kingdom Shipping:
Earnings from abroad 565 557 570
Disbursements abroad 300 299 304
Overseas Shipping:
Earnings from United Kingdom 315 351 365
Disbursements in United Kingdom 72 68 74
Net credit on shipping account in United Kingdom Balance of Payments + 22 - 25 - 25


Comparable figures for earlier years are not available, but in 1952 United Kingdom shipping earned from abroad £510 million and disbursed abroad £234 million. It is estimated that the net credit on shipping account was £135 million.

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