asked the Chancellor of the Exchequer to what extent invisible exports have declined in the twelve months ended 30th June, 1961, compared with the immediately preceding years; for what reason they have declined; what steps he is taking to assist their recovery; and whether he will make a statement.

I will circulate a table in the OFFICIAL REPORT which analyses under the various heads the invisible payments and receipts for the past three years. The growth of Government overseas expenditure has been an important contributory factor to the decline in our net earnings. Ways of reducing this are being considered.

Will the Chancellor bear in mind that I am not the only hon. Member who has very great difficulty in analysing the trends of proceeds and revenue from invisible exports, as the figures are not published in any analytical or palatable form to hon. Members or the general public? Can that deficiency be remedied at an early date in order that hon. Members such as myself who take an intelligent interest in these matters can remain continuously informed?

I hope that my hon. Friend will be benefited by the table