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Mr. Geraint Howells
asked the Minister of Agriculture, Fisheries and Food what is the present value of the green pound expressed in terms of the £ sterling, in relation to the unit of account; and if he will give the fluctuating value of the green pound over the last 24 months.
Mr. Bishop
Since 27th October 1975 the representative rate or green pound has been £1=1·7556 ua. Previous rates in the last 24 months were £1=1·96178 ua, which applied from 3rd March 1975 to 3rd August 1975 and £1=1·86369 ua, which applied from 4th August 1975 until 26th October 1975.