HC Deb 16 March 1978 vol 946 c282W
32. Mr. Arnold

asked the Minister of Agriculture, Fisheries and Food what action he has taken on the EEC Commission report to the Council on the economic effects of the agri-monetary system.

Mr. John Silkin

I have told the Council that any suggestion that monetary compensatory amounts should be phased out as proposed by the Commission could only be considered in the context of a fundamental reform to establish an economically justifiable common price level expressed in a more representative unit of account. I have also told the Council of my disappointment at the report's inadequate consideration of the problem of pigmeat monetary compensatory amounts.

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