§ 89. Mr. Fisherasked the Minister of Agriculture, Fisheries and Food what was the estimated value, in terms of financial assistance, to each participating Commonwealth developing country of the Commonwealth Sugar Agreement in each year since the Agreement was signed; and why this assistance is not shown in the official aid figures.
§ Mr. PeartThe Commonwealth Sugar Agreement is basically a long-term contract between Her Majesty's Government and the sugar industries of certain exporting territories in the Commonwealth. Although the prices paid are normally considerably above world prices, no cost falls on the Exchequer. Payment is not made to Governments, and it would not be appropriate to include in the official aid figures any calculations of financial value.