§ Mr. Maxwell-Hyslopasked the Minister of Agriculture, Fisheries and Food what the price per gallon received by British milk producers would have been on the following dates, had the green pound been valued at the actual prevailing exchange rate at the date concerned: 1st June 1974, 1st January 1975, 1st June 1975 and 13th October 1975; and what was the percentage by which this is less than the price actually paid to milk producers employing the green pound system.
§ Mr. BishopI cannot give this information because the guaranteed price for British milk producers is set by the United Kingdom Government in pence per gallon within the transitional rules agreed with the European Community. Changes in the representative rate for sterling do not automatically alter the level of the guaranteed prices.