§ Mr. Peytonasked the Minister of Agriculture, Fisheries and Food if he will list in the Official Report the exchange rate applicable on the first working days of January and July of each year since the signing of the EEC Treaty of Accession for the £ sterling to the agricultural unit of account.
§ Mr. John SilkinThe United Kingdom representative rates in force on 1 January and 1 July each year since February 1973 are as follows:
£1 = 1 July 1973 2.1644 UA 1 January 1974 2.1644 UA 1 July 1974 2.1644 UA 1 January 1975 2.0053 UA 1 July 1975 1.96178 UA 1 January 1976 1.75560 UA 1 July 1976 1.75560 UA 1 January 1977 1.75560 UA 1 July 1977 1.70463 UA 1 January 1978 1.70463 UA 1 July 1978 1.57678 UA 1 January 1979 1.57678 UA Notes:
- (1) The first United Kingdom representative rate took effect from 1 February 1973 when the CAP was first applied in the United Kingdom.
- (2) Since 1975, changes in the representative rates have been introduced gradually, usually at the beginning of the marketing year of the product concerned. At some of the dates, therefore, a previous representative rate remained applicable to certain products.