§ Mr. Patrick Jenkin
asked the President of the Board of Trade what is the percentage increase in the sterling price of the 68W following commodities, whch he estimates will result from devaluation, namely, copper, aluminium, coffee, tea, cocoa, jute, cotton, sugar, tin, rubber, wool and tobacco.
§ Mr. Darling
All I can give are the price changes since devaluation, which among other factors reflect its immediate effects:
PERCENTAGE CHANGES IN PRICES IN THE UNITED KINGDOM BETWEEN 17TH NOVEMBER AND 5th DECEMBER, 1967 Copper +9.7 Aluminium +16.7 Coffee +16.5 Tea -4.5 Cocoa +10.3 Jute +12.2 Cotton (short staple) +18.0 Sugar* +4.5 Tin +11.4 Rubber Nil Wool (merino) +17.5 * Prices of sugar traded outside the Commonwealth Sugar Agreement. The price of sugar traded within the Agreement, which covers the bulk of United Kingdom imports, is unaffected by devaluation.
There have been no tobacco sales.