Part of Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 30th October 1952.
This Question is not easy to answer. It covers three separate countries with rather different features applying to each one of them, but in general, as I said in my original answer, it is true that they are all short of sterling; and in the main that is because the cost of the goods which they wish to sell is above world prices.