§ Mr. Buchanan-Smithasked the Minister of Agriculture, Fisheries and Food what was the value of the net award of the Agriculture Price Review each year since 1948, both in actual terms and adjusted to constant prices using 1967 as the base.
§ Mr. John MackieThe information is as follows:
Year of Annual Review Net Award Net Award adjusted by Consumer Price Index 1948 +40 +76 1949 -9½ -17 1950 -17½ -30½ 1951 -32½ -54½ 1952 - 2 - 3 1953 - 1½ - 2½ 1954 -24 -34 1955 - 6½ - 9½ 1956 -11½ -15½ 1957 -23½ -30½ 1958 -30 -37½ 1959 - 8½ -10½ 1960 -22 -26½ 1961 - 5 - 6 1962 -30 -35½ 1963 -13 -14½ 1964 + 7½ + 8 1965 -18½ -20 1966 - 9 - 9½ 1967 +10 +10 Notes:
(i) The net Award is the total Award minus the aggregate cost changes for Review products.
(ii) The net Awards have been adjusted to a constant price base by using the Consumer Price Index: the 1967 Award has been related to the 1966 Consumer Price Index and similarly for earlier years.