HC Deb 18 November 1968 vol 773 c218W
Mr. McNamara

asked the President of the Board of Trade what estimate he has made of the effect on the British fishing industry of the Icelandic Government's decision to devalue their currency.

Mr. Dell

It is not possible at present to assess the effect of Iceland's devaluation on the British fishing industry since we do not yet know how far sterling prices of Icelandic fish will fall as a result of the devaluation.