§ 113. Sir G. Nabarroasked the Chancellor of the Exchequer what is now the effect on the United Kingdom balance of payments of disturbance of Middle East oil supplies arising from the Arab oil severance and the Suez Canal blockage.
§ Mr. MacDermotI have nothing to add to the Answer given by my right hon. Friend, the Chief Secretary, on 11th July to my hon. Friend the Member for West Ham, North (Mr. Arthur Lewis).—[Vol. 750, c.48.]
§ Mr. Arthur Lewisasked the Chancellor of the Exchequer when he expects to be able to give an estimate of how long it will be before oil supplies return to normal; what changes in the pattern of supplies may prove necessary to end the present drain on foreign currency reserves; and whether he will make a statement.
§ Mr. DiamondI am unable to add anything to my reply of 11th July.—[Vol. 750, c.48.]