§ Mr. Wattasked the Secretary of State for Trade what proportion the cost of timber imports bears to the total balance of payments deficit of timber for 1974.
149W
§ Mr. DeakinsThere are no balance of payments figures relating specifically to timber. In 1974 imports of timber—defined as Division 24 of the Standard International Trade Classification (Revised)—valued cif were £590 million, while exports valued fob were £6 million; thus the crude deficit—the difference between these figures—was 99 per cent. of the value of imports.