HC Deb 13 October 1969 vol 788 c30W
69. Mr. Philip Noel-Baker

asked the Chancellor of the Exchequer what proportion of any current balance of payments deficit in each year since 1964 has been attributable to overseas defence expenditure.

Mr. Roy Jenkins

Figures of overseas defence expenditure are published in the Pink Book on the United Kingdom Balance of Payments. They do not give a complete picture of the impact of overseas defence expenditure on the current balance, since, apart from wider considerations, part of this expenditure may give rise to receipts elsewhere in the current account.