§ 51. Mr. Edward Davies
asked the Minister of Food what terms he has made with the Australian Government for supplies of meat for the next 12 months; by how much the price is increased; and what effect the deal will have on retail prices.
§ Major Lloyd George
The 15-year Agreement with Australia links price changes to movements in costs of production. Under it we have agreed to pay 16.6 per cent. more for lamb and mutton and 20 per cent. more for most types of beef during the coming year. There will be no immediate effect on retail meat prices and these terms will be only one of the factors to be taken into account in fixing the future retail prices of subsidised foods.