HC Deb 01 November 1965 vol 718 c123W
Mr. Beaney

asked the Chancellor of the Exchequer, whether he will give an estimate of the proportion of the cost of oil imports into the United Kingdom in each of the past five years which has been offset by the overseas earnings of the international oil companies in which there is a British interest.

Mr. MacDermot

The offset is substantial, but it is difficult to give a precise estimate.