It is going to be the chief cause of Any Further Dollar Crisis - a crisis which, when it comes, will have no further expedients to meet it, and can only be met by a cut in imports, with all the dire effects which that must have upon employment.

Indeed, this criticism comes rather oddly from the Opposition for they were, at that very time, in the winter of 1949–50, not prophesying a dollar surplus, but were warning us of a Further Dollar Crisis.