HC Deb 19 November 1946 vol 430 c62W
51. Mr. Spearman

asked the Chancellor of the Exchequer how the terms of trade at the present time compare with those in 1938.

Mr. Glenvil Hall

On the indices of export and import values for the third quarter of 1946, the terms of trade were 6 per cent. worse than in 1938.