§ Captain Kerbyasked the Minister of Agriculture, Fisheries and Food why he approved the schedule of prices published in April, 1957, by the British Wool Marketing Board which are well below the current world market prices for wool.
§ Mr. GodberThese prices for individual classes and grades of wool are a matter entirely for the British Wool Marketing Board. They are, however, based on the guaranteed price to the Board of 4s. 8¼d. Per lb. (including marketing costs) which was determined after the last Annual Review. It cannot be assumed that this price will be below the market price, taking the year as a whole, and I would refer my hon. Friend to the reply my right hon. Friend gave to my hon. Friend the Member for Westmorland (Mr. Vane) on 18th April.