}
AND TRENDSŤ! THE SYPHASIS WAS ON THE INDIVIDUAL DIFFICULTIES
OF COMMONWEALTH COUNTRIES AND CONSIDERATION OF WHAT THE
COMMONWEALTH AS A WHOLE HIGHT BE ABLE TO DO TO HELP.
MR HEATH SUMMED UP THE DAY'S TALKS WITH WHAT WAS IN
EFFECT A PARLIAMENTARY WINDING-UP SPIECK, PICKING
UP THE VARIOUS POINTS MADE BY OTHER SPEAKERS.
HE PRAISED THE SPEECH OF CHANA'S PRIME MINISTER, DR
DOF! BUSIA, AND AGREED THAT THERE HAD TO BE A SOUND ECONOMIC
BASIS FOR A STAPLE WORLD ORDER,
ON THE EFFECT OF INFLATION ON TERMS OF TRADE, MR HEATH
SAID THAT A DRASTIC DEFLATION WAS NOT CREPEAT NOT) THE ANSWER.
BRITAIN HAD REJECTED THIS, FOR IT WOULD LEAD TO UNEMPLOYMENT
ABD REDUCED EXPORTS AND THEREFORE REDUCED IMPORTS, WHICH WOULD
HOT CREPEAT NOTO SERVE THE INTERESTS OF DEVELOPING
COUNTRIES,
THE PRITISH GOVERNMENT'S WAY OF DEALING WITH THE SITUATION
WAS TO OPPOSE INFLATIONARY SETTELEMENTS AND CUT GOVERNMENT
EXPENDITURE, BUT THESE CUTS DID NOT CREPEAT NOT)
TISLUDE CUTS IN OVERSEAS AID AND TECHNICAL ASSISTANCE.
OTHER MEASURES WERE THE REDUCTION OF TAXATION, THE INTRODUCTION
OF OTHER INCENTIVES AND PROVIDING A NEW FRAMEWORK FOR INDUSTRIAL
RELATIONS THROUGH A NEW BILL.
}
ON PROTECTIONISM, MR HEATH THOUGHT THAT THE BARBADOS
PRIME MINISTER ERROL BARROW HAD BEEN OVER-PESSIMISTIC.
THE HILLS BILL, HAD NOT (REPEAT NOT)
GOT ANYWHERE IN THE LAST UNITED STATES CONGRESS. EVERYONE
SHOULD USE THEIR INFLUENCE WITH THE U.S.
COVERNMENT TO ENCOURAGE LIBERAL. TRADE PRACTICE.
COMMENTING ON ROMARKS«DY AUSTRALIA'S MINISTER FOR FOREIGN
AFFAIRS WILLIAM MCMAHON, HE SAID BRITAIN WAS PROPOSING TO
CHANGE THE METHOD OF PRODUCER SUPPORT FROM THE TAXPAYER
-2-
/AND THE