§ 93. Sir R. Russell
asked the President of the Board of Trade what is his estimate of the losses to Great Britain of generalised preferences in favour of developing countries and of phasing out reverse preferences.
§ Mr. Crosland
Until the details of any generalised scheme of preferences are much clearer, I cannot make any estimate of its effect on British trade, and I do not accept the hon. Member's presumption that we should lose from it.