§ Mr. Godberasked the Minister of Agriculture, Fisheries and Food what will be the estimated receipts from a surcharge on sugar of 4¼d. a pound over a 12-month period from 29th November, 1966, if the surcharge is maintained at that level for that period of time.
§ Mr. PeartThe amount of surcharge depends on the level of the London Daily Price which fluctuates in relation to only about 10 per cent. of total world production. This is currently at the lowest since the war and the calculation of what receipts would be if the surcharge remained at the level corresponding with this price, viz. £100 million is hypothetical and could be misleading.