§ Mr. Boyd-Carpenterasked the Secretary of State for Foreign Affairs if he will publish in the OFFICIAL REPORT figures setting out the proportion of the foreign exchange costs of the British Army of the Rhine met by additional German purchases under successive agreements in each of the financial years 1964–65 and 1965–66, and expected under 107W the present agreement to be so met in the financial years 1966–67 and 1967–68; and what is the expenditure in foreign exchange incurred or estimated in respect of these years for this purpose.
§ Mr. DiamondI have been asked to reply.
The current Anglo-German Offset Agreement expires on 31st March, 1967; no agreement for subsequent years has yet been negotiated. Figures for 1964–67 are as follows:
£m. 1964–65 1965–66 1966–67 Foreign exchange (deutschemark) costs. 82 87 (estimated) 94 (estimated) Offsetting payments 24.3 38 54 (estimated) Further offsetting payments and deposits in respect of the period 1964–66. 54 (estimated)