Secretary of State for Commonwealth Relations (Speech)

Part of Oral Answers to Questions — Board of Trade – in the House of Commons at 12:00 am on 4th March 1965.

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Photo of Hon. Nicholas Ridley Hon. Nicholas Ridley , Cirencester and Tewkesbury 12:00 am, 4th March 1965

Is the Prime Minister aware that the Commonwealth Secretary said that the steel industry was responsible without doubt for the balance of payments crises of 1955 and 1961? Is he aware that the steel industry has consistently earned a large profit on foreign exchange? Indeed, in 1961 it earned £76 million. [HON. MEMBERS: "Speech."] Will the right hon. Gentleman therefore withdraw both the Steel Bill and the Commonwealth Secretary?