§ 27. Mr. N. Pannellasked the Secretary of State for the Colonies what was the export crop of groundnuts in Nigeria for the season 1957–58, and the price per ton paid at railhead, compared with the figures for the previous season.
§ Mr. Lennox-BoydAbout 600,000 tons—after meeting the needs of the local oil-crushing industry—compared with about 270,000 tons in 1956–57. The price at railhead for special grade groundnuts was £38 9s. per ton compared 583 with £36 19s. in 1956–57, but the standard grade price has remained at £33 9s. per ton for the two years.
§ Mr. PannellWas the Groundnut Stabilisation Fund drawn upon in order to pay these prices?
§ Mr. Lennox-BoydYes.