§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what arrangements have been made with the United States Government regarding the offsetting of foreign exchange costs of United States air force units stationed in Great Britain included in the terms of the Tripartite Offset Agreement after the termination of that agreement.
§ Mr. CallaghanAs my right hon. Friend the Minister of State, Foreign Affairs, said last Tuesday, the three Governments concerned recognise that the balance of payments consequences resulting from stationing of forces abroad for 163W the common defence continue to pose a problem for joint attention and we shall he discussing how to proceed with studying the long-term aspects; but these discussions have not yet been initiated.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what sum has been attributed under the Tripartite Offset Agreement to the foreign exchange earnings accruing in 1967–68 to the United Kingdom from the stationing of United States air force units in Great Britain; how this sum was arrived at; and what proportion it represents of total foreign exchange earnings accruing to the United Kingdom from United States air force units moved to Great Britain.
§ Mr. CallaghanThis figure is estimated at £7 million, which is the best estimate available at present from British and American sources. It represents the whole of the foreign exchange earnings accruing to the United Kingdom from additional U.S. air force units moving to Great Britain under present plans.
§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what is the value of additional defence purchases which the United States Government has undertaken to make in 1967–68 from the United Kingdom as part of the Tripartite Offset Agreement over and above the £12½ trillion purchases it undertook to make in November 1966.
§ Mr. Callaghan£7 million.