§ 14. Mr. Willeyasked the Minister of Agriculture, Fisheries and Food why the deficiency payment on Australian meat is estimated at £3 million for 1957–58 whereas the estimate for 1955–56 was £210,000.
Mr. AmoryThe main reason is the decline in beef prices since 1955–56. Contributory factors are estimated increases in the quantity and in freight rates.
§ Mr. WilleyCan the right hon. Gentleman explain this increase in the call on public funds, because the retail price of beef is 4d. more than it was twelve months ago? Should there not be some relation between the retail price and this increasing charge on the British taxpayer?
Mr. AmoryOf course, there is a connection, but the hon. Gentleman has forgotten that beef prices were exceptionally high in the year 1955–56.