§ 19. Mr. Charles Morrisonasked the Minister of Agriculture, Fisheries and Food what is the current differential 230W between the green pound and the market rate of the £ sterling.
§ Mr. John SilkinThe current difference between the rate for the green pound and the market rate used for MCA purposes is 29.7 per cent., giving an applied MCA percentage of 28.2.
§ 24. Mr. Geraint Howellsasked the Minister of Agriculture, Fisheries and Food if he has any plans to devalue the green pound in 1979; and if he will make a statement.
§ Mr. StrangThe Commission has proposed a number of changes to the green currency arrangements including a 5 per cent. devaluation of the green pound. My right hon. Friend the Minister does not dissent from the Commission's proposals in this respect.
§ 35. Mr. Peter Millsasked the Minister of Agriculture, Fisheries and Food by how much he would have to devalue the green pound to achieve parity with the £ sterling.
§ Mr. StrangAt current exchange rates, the green pound would have to be devalued by 22.9 per cent. to bring it into line with the market rate for the pound which the EEC uses for calculating monetary compensatory amounts.