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Wilson Reveals High Cost to Britain of Shutdown of Suez Canal

The continued shut down of the Suez Canal is costing Britain an average of $56 million a month, or more than $200 million since the Six-Day War last June. This information was given to Parliament by Prime Minister Harold Wilson whose Government is planning new relations with Egypt after a three-year hiatus. Most of the money has been spent in precious hard currency for oil to replace Middle Eastern supplies, contributing to Britain’s already precarious balance of payments situation, it was disclosed.