§ Mr. Priorasked the Chancellor of the Exchequer if he is aware that exports of spirituous cosmetic and toiletry preparations are being lost to the extent of several million pounds per annum because of the current regulations requiring that the spirit used on the home market be marked with Methyl Alcohol which is banned in most other countries and the uneconomic situation of producing a different formula for export only; and if he will take steps to remove this obstacle.
§ Mr. TaverneMy right hon. Friend has carefully considered the representa
Visible balance*† Invisible balance* Government overseas services and transfers (net)‡ Long-term investment abroad(net of disinvestment)§ Official Private 1951 … … -689 +320 -158 -9 Not available 1952 … … -279 +442 -61 -4 -127 1953 … … -244 +389 -66 +7 -173 1954 … … -204 +321 -131 +25 -238 1955 … … -313 +158 -138 -14 -182 1956 … … +53 +155 -175 +1 -258 1957 … … -29 +262 -144 +7 -298 1958 … … +29 +315 -219 +10 -310 1959 … … -117 +260 -227 +22 -303 1960 … … -406 +141 -282 -31 -322 1961 … … -152 +148 -332 +19 -313 1962 … … -102 +214 -360 -60 -242 1963 … … -80 +194 -382 -60 -320 1964 … … -519 +126 -432 -80 -399 1965 … … -237 +156 -447 -69 -354 1966 … … -73 +113 -470 -81 -304 1967 … … -552 +230 -464 -78 -463 1968 … … -643 +334 -462 -52 -732 1969 … … -158 +524 -457 -97 -593 Balance of payments signs used throughout.
* Surplus (+) deficit (-).
†Visible balance equals visible trade balance adjusted for U.S. military aircraft payments and net under-recording of exports.
‡Net debit (-) within the invisible balance.
§Increase in assets (-) decrease in assets (+).