§ 40. Mr. Ronald Atkinsasked the Secretary of State for Trade if he will give further consideration, because of the worsening balance of trade, to trade policies like import controls and export subsidies.
§ Mr. ShoreNo; much of the present deterioration in our balance of trade is due to the sharp increase in the price of oil. It is important that we and the other oil-consuming nations should not seek to solve this problem by general measures restricting trade.