§ Mr. Shepherdasked the Secretary of State of Agriculture, Fisheries and Food if he will set out in the Official Report a table showing far each of the member States of the European Economic Community (a) the anticipated difference between the latest rates and the green currency rates based on the new European unit of account and (b) the present differences between the market price and the green currency rates based on the European unit of account.
§ Mr. BishopThis information is set out below. Table A shows the percentages which would have been used for the calculation of monetary compensatory amounts from 20th March had the European unit of account been introduced into the common agricultural policy from that date on the assumption that 1 EUA = 1 UA and that existing green rates were unaffected. Table B shows the percentages actually used as the basis for MCAs from that date.
TABLE A per cent. Belgium/Luxembourg … 19.7 Denmark … +11.2 Germany … +25.4 France … +0.4 Ireland … +12.2 Italy … +2.6 Netherlands … +20.1 United Kingdom … -10.7 (-2.4)
TABLE B per cent. Belgium/Luxembourg … +1.4 Denmark … Nil Germany … +7.5 France … -23.0 Ireland … -7.2 Italy … -19.9 Netherlands … +1.4 United Kingdom … -35.1 (-25.0) NOTES
- (1) Table A is based on the one-week reference period normally used for the calculation of MCAs. Table B is based on the three-week reference period which is being used on an experimental basis this month.
- (2) The percentages in brackets for the United Kingdom relate to the green rate of £1 =1.57678 UA which has been agreed but has not yet come into effect. The unbracketed percentages relate to the green rate of £1=1.70463 UA.
- (3) The percentages in Table B are all shown gross, before deduction of the 1.5 per cent. franchise.