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Price Reviews (Under-Recoupment)

Volume 655: debated on Monday 12 March 1962

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asked the Minister of Agriculture, Fisheries and Food what was the largest amount of under-recoup-ment for farmers in the Price Review awards between the years 1948 and 1952, exclusively; and what proportion this under-recoupment was of the total value of the Review commodities for the year in question.

At the 1951 Annual Review there was an award of £43¼ million as against estimated aggregate cost increases of £75¾ million for Review commodities. The difference of £32½ million represents rather more than 4 per cent. of the value of Review commodities in 1950–51.