Lord Cameron, who declared that there was legally no such thing as "Scottish oil" has made no reply to Professor lain MacGibbon’s refutation of that judgement. He was one of Dr. John MacCormick’s supporters in the Scottish Convention and signed the Covenant pledging himself to "do all in his power" to bring about a Scottish Government.

The English accuse us of narrow nationalism because we talk of Scottish oil. But when some other countries talk of the same oil as "European", Mr Wilson declares "What we have we hold". This is what Churchill once said of the now vanished Empire. When there is talk of finding oil in the English Channel, the English talk about English oil.

In reply to the Gracious Speech of Mr Heath (impersonated by the Queen), Mr Wilson proposed that the Government should say to the E.E.C. in regard to the oil discovered in Scottish waters: "What we have we hold." In other words: "What the Scots have, the English hold."