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Overseas Military Expenditure

Volume 720: debated on Tuesday 16 November 1965

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asked the Chancellor of the Exchequer if he will give an analysis by currency and area of defence expenditure across the exchanges in each year from 1959.

The information is given in the following table. As I explained in answer to a Question by the hon. Member on 13th May, an analysis of payments by the currencies in which they were made is not available.that additional exports to a value of £45 million in respect of the two-year period ending on 31st March, 1966, were to be financed half from German funds already deposited in London and half from new payments across the exchanges. None of these exports has yet taken place but a number of contracts are under negotiation.