§ Mr. Elystan Morganasked the Chancellor of the Exchequer (1) what is the total public sector deficit on current account incurred by Great Britain in overseas transactions in the years 1951 to 1967, inclusive; and how much of this was incurred on account of military expenditure;
(2) what was the total public sector deficit on current account incurred by Great Britain in overseas transactions in 1967; and how much of this was incurred in respect of military expenditure.
§ Mr. Harold LeverFollowing is the available information from the balance of payments statistics
§ Mr. Roy JenkinsThere will be no savings in 1968–69 in foreign exchange from the decisions announced on 16th January relating to defence and overseas aid. Considerable reductions will accrue subsequently on defence as the measures take effect. On aid, the maintained tar 277W get figure of £205 million will absorb extra costs arising from devaluation, but acceleration of the withdrawal from the Far East will mean additional aid for Singapore and Malaysia.