78. Mr. Gresham Cookeasked the President of the Board of Trade what is his estimate of the percentage of manufactured goods produced in this country which must be exported to maintain a satisfactory balance of payments; and what is the present percentage exported.
§ Mr. RedheadNearly a quarter of this country's manufacturing output is at present exported. I cannot give an estimate of the percentage which would be necessary in future to ensure a satisfactory balance of payments because this would depend on a number of other variables.