§ Mr. Arnoldasked the Minister of Agriculture, Fisheries and Food what he estimates has been the effect for the United Kingdom of the operation of monetary compensation amounts in terms of (a) the United Kingdom's net contribution to the European Community budget, (b) the general level of food prices, (c) the incomes of British farmers and (d) non-budgetary resource transfers from the United Kingdom to producers in the European Community in each year since 1975.
§ Mr. Peter WalkerThe avoidance of MCAs would only have been possible, under present rules, had green rates of exchange been devalued and revalued to keep them closely in line with market rates of exchange for the currencies of the member States of the Community. It is not possible to assess with any degree of confidence what the consequences of this might have been for the items covered by this question, given the great number of hypothetical assumptions which would be required in respect of prices, production, consumption and trade.