Debate on the Address

Part of Orders of the Day — King's Speech – in the House of Commons at 12:00 am on 7th November 1951.

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Photo of Sir Arthur Salter Sir Arthur Salter , Ormskirk 12:00 am, 7th November 1951

The right hon. Gentleman will agree that, as this is not just a United Kingdom balance of payments crisis but also a sterling area crisis, if this hoped for change in the terms of trade should take place, there would be a debit in respect of the rest of the sterling area as well as a credit in respect of the United Kingdom itself?