§ 115. Mr. Onslowasked the Chancellor of the Exchequer what estimate he has formed of the total loss caused by devaluation to the sterling balances held by countries which were in receipt of overseas aid from the United Kingdom during the period October, 1964 to October, 1967.
§ Mr. Harold LeverAny such calculation would depend on complex assumptions about future price movements for the imports, exports and invisible transactions of each country, which are very much a matter of guesswork at the present time.