§ 28. Mr. Shersbyasked the Secretary of State for Defence what is his long-term policy for offsetting the cost of any defence equipment purchased from the United States of America apart from the arrangements set out in the memorandum of understanding.
§ Mr. PattieIt is our policy to secure an equitable balance of defence trade between Britain and America100W using the framework provided by our 1975 memorandum of understanding. On each individual purchase we negotiate the most advantageous offset terms possible.