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Mr. Nott
asked the Chancellor of the Exchequer whether, in view of the defects of the current methods of calculating the effective exchange rates for the £ sterling to which the National Institute of Economic and Social Research refer on page 16 of its November report, he will consider arranging for the effective exchange rate to be computed in a different manner henceforward, for example that used by the IMF.
Mr. Robert Sheldon
Yes. It is proposed to introduce a revised index shortly.