§ 62. Sir C. Osborneasked the Chancellor of the Exchequer if he will give an estimated breakdown of the £800 million overseas trading deficit for 1964 between capital repatriation, leads and lags, national stockpiling, and the basic trade difference, respectively; why he anticipates it will be the end of 1966 before this position is put right; and if he will make a statement.
§ Mr. CallaghanThe figures of the balance of payments in 1964 were presented in the White Paper, Preliminary Estimates of National Income and Expenditure and Balance of Payments, 1959 to 1964. An account of developments in the year, including the amount invested in stocks, is in the Economic 39W Report in 1964, published by Her Majesty's Stationery Office and available in the Library. As regards the second part of the Question, the hon. Member should read my Budget Statement.