Amendment of Law

Part of Orders of the Day — Ways and Means – in the House of Commons at 12:00 am on 16th April 1947.

Alert me about debates like this

Photo of Mr Aidan Crawley Mr Aidan Crawley , Buckingham 12:00 am, 16th April 1947

When you say "Export or expire" you imply that it might be possible for this country to stop exporting. That, however, simply is not so. It may be that in two years' time we shall not have bridged the gap between our dollar exports and imports. None the less the world is a very large place and even if it happened, which is highly improbable, that all private business in America refused to invest money or lend money to this country, or if the American Government refused to lend money to this country, there is no doubt that within a period we could procure elsewhere most of the things which we get from America today. No doubt, we should have a difficult period for a year or two while the adjustment was taking place, but this country would not expire. We have, for our size, more natural resources than any other country in the world. We have a skilful and industrious population, and the rest of the world is crying out for the goods we make. If forced to, we could go forward without the help of America at a lower standard. But I believe that help will be forthcoming and we can attain it by the international co-operation for which we are now striving. But when we talk about a financial crisis, we should not overpaint the picture.