HC Deb 23 January 1967 vol 739 c192W
Mr. Varley

asked the Chancellor of the Exchequer what estimate he has made of the effect on the United Kingdom balance of payments due to the necessity to import more oil, following the decision by the National Coal Board that a further 120 pits are to close.

Mr. Diamond

These closures, by increasing the coal industry's competitive position, will help to contain rather than themselves add to the level of oil imports.