§ Mr. Austin Mitchellasked the Chancellor of the Exchequer what is his estimate of the time lag between changes in the exchange rate and changes in the balance of trade in manufactures; what rate of exchange is reflected in trade in manufactures in the first quarter of the current year; what is the cause of the fall in exports; and if he will make a statement.
§ Mr. MacGregorI shall let the hon. Member have a reply as soon as possible.