§ 70. Mr. McMasterasked the President of the Board of Trade what the average monthly increase in export earnings has been since October 1964; and what has 346W been the total increment in pounds sterling to the end of the last complete month.
§ Mr. JaySince figures for individual months are misleading, I have compared the seasonally adjusted figures of exports in the three months November 1965 to January 1966 (£410 million a month) with those in the three months August to October 1964 (£370 million a month). The average rate of increase over the fifteen-month interval was £2.7 million a month. From November 1964 to January 1966, exports totalled £5,874 million, £324 million more than if they had remained constant at £370 million in each month.