§ Mr. Favell
asked the Minister of Agriculture, Fisheries and Food if he will make a statement on recent discussions with fellow European Economic Community Ministers on the funding of the common agricultural policy.
§ Mr. MacGregor
[pursuant to his reply, 2 July 1987, c. 154]: The European Council on 30 June agreed that the present system of funding CAP guarantee expenditure, by means of advances from the Community to national intervention agencies, should be adjusted in order to keep expenditure in 1987 within the budget provision. Discussions are proceeding on the 1988 budget and a general review of Community finances.