§ Mr. Jayasked the Minister of Agriculture, Fisheries and Food what level of import levies is now payable on wheat and maize, respectively, imported from outside the EEC into, first, the United Kingdom, and second, the rest of the EEC.
§ Mr. BishopThe rates of levy as at 14th January 1976 are:
£/ton Into United Kingdom Into EEC Common Wheat … -1.86 19.14* Maize … 3.52 19.87† *Converted from units of account to sterling using the representative rate of £1 to 1.86369 ua. †Converted from units of account to sterling using the representative rate of £1 to 1.7556 ua. The levy on imports of cereals into the United Kingdom is derived from the EEC levy by deducting the appropriate accession compensatory amount which takes account of the lower price level in the United Kingdom due to the transitional arrangements, and making a monetary adjustment which takes account of the fluctuations in the market exchange rate of sterling against the appropriate representative rate. The United Kingdom figures quoted above are the net levies resulting from these calculations. For wheat this gives a negative levy, i.e., an import subsidy. The levy on imports into the rest of the EEC may also be adjusted in the case of certain member States, dependent on their currency fluctuations.