HC Deb 06 April 1970 vol 799 cc18-9W
Mr. Prior

asked the Chancellor of the Exchequer if he is aware that exports of spirituous cosmetic and toiletry preparations are being lost to the extent of several million pounds per annum because of the current regulations requiring that the spirit used on the home market be marked with Methyl Alcohol which is banned in most other countries and the uneconomic situation of producing a different formula for export only; and if he will take steps to remove this obstacle.

Mr. Taverne

My right hon. Friend has carefully considered the representa

Visible balance*† Invisible balance* Government overseas services and transfers (net)‡ Long-term investment abroad(net of disinvestment)§
Official Private
1951 … … -689 +320 -158 -9 Not available
1952 … … -279 +442 -61 -4 -127
1953 … … -244 +389 -66 +7 -173
1954 … … -204 +321 -131 +25 -238
1955 … … -313 +158 -138 -14 -182
1956 … … +53 +155 -175 +1 -258
1957 … … -29 +262 -144 +7 -298
1958 … … +29 +315 -219 +10 -310
1959 … … -117 +260 -227 +22 -303
1960 … … -406 +141 -282 -31 -322
1961 … … -152 +148 -332 +19 -313
1962 … … -102 +214 -360 -60 -242
1963 … … -80 +194 -382 -60 -320
1964 … … -519 +126 -432 -80 -399
1965 … … -237 +156 -447 -69 -354
1966 … … -73 +113 -470 -81 -304
1967 … … -552 +230 -464 -78 -463
1968 … … -643 +334 -462 -52 -732
1969 … … -158 +524 -457 -97 -593

Balance of payments signs used throughout.

* Surplus (+) deficit (-).

†Visible balance equals visible trade balance adjusted for U.S. military aircraft payments and net under-recording of exports.

‡Net debit (-) within the invisible balance.

§Increase in assets (-) decrease in assets (+).