§ Mr. Staintonasked the Minister of Agriculture, Fisheries and Food if he will circulate in the Official Report details of the relationship of the green pound and other EEC currencies to parity prior to devaluation of the green pound in January and now.
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§ Mr. BishopThe percentage differences between representative rates and market or central rates used for MCA purposes applicable from 30th January and 3rd July are shown below:
With eject from: 30th January 3rd July Benelux +1.4 +1.4 Germany +7.5 +7.2 Denmark Nil Nil Ireland -3.6 -4.3 Italy -25.9 -12.7 France -20.9 -10.8 (-6.8) United Kingdom -30.7 -29.4 Notes
(1) The MCA percentage applied to the floating currency countries—Ireland, Italy, France and the United Kingdom—was 1.5 percentage points less than the figures shown above.
(2) The quoted percentages applicable from 3rd July are those which relate to the latest agreed representative rates, some of which have yet to be introduced in some sectors.
(3) The percentage in brackets for France is based on the representative rate which is currently used in the pigmeat sector and which is not due to come into effect in the other sectors until the beginning of the 1979–80 marketing years.
(4) The percentage quoted for the United Kingdom from 30th January related to all sectors other than the milk sector, to which the green pound devaluation agreed at the 1977 price fixing did not apply in full until 1st April 1978.
(5) The devaluation of the United Kingdom green pound which was agreed in January first became fully effective in any sector on 17th May, when it was applied to pigmeat.