HC Deb 22 June 1965 vol 714 c168W
36. Mr. Ridsdale

asked the Chancellor of the Exchequer to what extent he estimates that defence expenditure East of Suez is balanced by the earnings from oil and other sources, which might otherwise be put at risk without such defence expenditure.

Mr. Callaghan

The extent to which our economic interests throughout the world might be affected by changes in the disposition of our Forces is one of the questions which the Government are studying in their Review of Defence Expenditure.