§ Mr. Spearingasked the Minister for Agriculture, Fisheries and Food if he will circulate in theOfficial Reportan estimate showing what the value of the monetary compensatory amounts in other EEC countries on exports of foodstuffs to the United Kingdom would have been in the 12 months ending 30th June 1978 if(a)the current levels of monetary compensatory amounts had been in operation throughout the period and(b)the monetary compensatory amounts had been recalculated on the current basis of the EUA and not the current basis of the AUA.
§ Mr. Bishop:A change in the basis of the monetary compensatory amount (MCA) calculation from the AUA to the EUA would not affect the total payable on exports from other member States to the United Kingdom. But it could affect the way in which the total payment would be divided between the MCA of the exporting country and that of the United Kingdom. As the United Kingdom MCAs are mainly paid in the exporting countries, precise figures for the 12 months referred to by my hon. Friend are not available. However, the annual value of the United Kingdom MCA currently payable is approximately £406 million. Had that MCA been calculated on the basis of the EUA without any offsetting correction to the MCA of the exporting country, then the annual value would have been approximately £100 million.