§ Sir C. Osborneasked the Chancellor of the Exchequer how much he estimates the seamen's strike has already cost the country through losses of reserves; and if he will make a statement.
§ Mr. CallaghanThe seamen's strike was a major influence on the reserves in May. The movement in the reserves is not a measure of the effect on trade and shipping transactions, since it appears to have been the result of flows of short-term funds, which could well be reversed when the strike is settled.