HC Deb 14 July 1966 vol 731 cc229-30W
Mr. Ian Lloyd

asked the President of the Board of Trade what is his estimate of the loss of invisible earnings from British shipping, in balance of payments terms, as the result of the seamen's strike; and to what extent he estimates that these earnings have been merely deferred, or permanently lost to foreign operators.

Mr. Jay

No reliable estimate can be made, but the eventual net loss may not be more than some £25 million.