HC Deb 01 February 1973 vol 849 cc433-4W
Mr. Deakins

asked the Chancellor of the Exchequer what amount was transferred to the EEC in respect of the 1973 Budget and what amount was received from the EEC, during January 1973.

Mr. Nott

Up to the end of January the European Communities' sterling account within the Consolidated Fund was credited with £16,242,513 in respect of the United Kingdom's share of the Communities' estimated financing needs for January and February. Total drawings which, together with other payments to the European Community from the Consolidated Fund, will be published in theLondon Gazette at the beginning of each month, amounted to £6,125,000 in January. £3,125,000 of this represents receipts to the United Kingdom, having been paid as an advance to the United Kingdom Intervention Board for Agricultural Produce.

Mr. Deakins

asked the Chancellor of the Exchequer if the EEC agreed at the meeting of Heads of Government in 1972 that changes of parity between EEC States would be permissible during the first stage of Common Market monetary and economic union.

Mr. Nott

Such changes are permissible.