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Grants And Loans

Volume 893: debated on Monday 9 June 1975

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asked the Minister of Agriculture, Fisheries and Food what is his estimate of the cost to British farmers in receipt of EEC grants and loans due to the operation of the green pound since the United Kingdom joined the Community in January 1973.

The difference between the green pound rate and the market value of the pound sterling has varied widely over the last two years. No worthwhile estimate can, therefore, be made of the kind which the hon. Member has in mind.