§ Mr. Arthur Lewisasked the Chancellor of the Exchequer to what extent the recent improvement in the balance of payments was due to world prices and world demand.
§ Mr. TaverneUnited Kingdom exports in 1969 were helped in part by a rapid expansion of world trade. But we also came close to maintaining our share of world trade in manufactures, which was a much better performance than in previous periods of rapidly expanding world trade. The trend of world prices was unfavourable because it increased the prices of imports more than exports.
496WThe number for surtax excludes staff employed on income tax on the same income but includes staff employed in tax offices in reporting surtax liabilities to the surtax office.