I rather thought that my right hon. Friend would give that answer, but time will prove a marvellous tutor. Can he bring to the attention of the House any industrialised country the currency of which has had a sudden and massive increase, boosted by the surging value of its raw materials and natural resources, and which, at the same time, had no control over its own trading policy? Could he say what happened to the industrial and manufacturing base of that country?