§ Mr. Ralph Howell
asked the Minister of Agriculture, Fisheries and Food how much money was received from the Guarantee Section of the European Agriculture Guidance and Guarantee Fund (FEOGA) in 1973 by the Intervention Board for Agricultural Produce ; and how this money was expended.
§ Mr. Anthony Stodart
In the 11 months up to 31st December 1973 the Intervention Board received £63.3 million from the Guarantee Section of the European Agricultural Guidance and Guarantee Fund (FEOGA). Of this £62.3 million was spent directly by the board in the form of intervention payments, and £1 million was a repayment of costs incurred by the board in intervention buying, storing and selling.
The principal fields of expenditure were import refunds on intra-Community trade (net of levies in that trade), £20.4 million ; denaturing of wheat for use as feeding stuffs, £14.7 million ; denaturing of skimmed milk and skimmed milk powder, £5 million ; starch production subsidy, £5.6 million ; export refunds on third country trade, £5.2 million ; consumer subsidies for butter, £7.1 million. The board also spent £3 million in subsidies for private storage of sugar, cereals and butter ; and £1.3 million on herbage seed and oilseed subsidies.
In addition to this expenditure the board collected two Community levies—an agricultural levy on sugar marketing of £1.9 million and export levies on third country trade of £0.2 million.