§ 44. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what estimate he has made of the net deficit on current balance of payments accounts arising from Governmental transactions in the financial year 1967–68.
§ Mr. CallaghanI cannot give an estimate of this kind, which would require me, for example, to make a hypothetical assumption about the consequences for world trade if Her Majesty's Government were to undertake no overseas commitments in the coming year.