§ Mr. PaiceTo ask the Minister of Agriculture, Fisheries and Food what would be the effect on the United Kingdom intervention price of(a) wheat and (b) barley of a devaluation of the green pound by: (a) 5 per cent., (b) 9 per cent., and (c) to parity.
§ Mr. Donald ThompsonFeedwheat and barley have the same intervention price of 170.47 ecu per tonne which, at the present green rate, is equivalent to £111.85 per tonne.
Devaluations sufficient to reduce the cereals monetary compensatory amount by the amounts specified and to parity would give the following intervention prices:
- (a) £116.99 per tonne
- (b) £121.46 per tonne
- (c) £127–29 per tonne