§ 98. Mr. Lowasked the Chancellor of the Exchequer how much of the £75 millions which it is estimated will be expended for military purposes overseas in the financial year 1948–49 will be spent in the sterling area.
§ Mr. AlexanderI have been asked to reply. The situation is too fluid to permit of any accurate estimate, but, if expenditure on oil, supplies of which from all sources are pooled, is omitted, the figure is expected to be in the region of 70 per cent.