§ Mr. Teddy Taylor
To ask the Minister of Agriculture, Fisheries and Food what estimate he has made of the cost to European Economic Community and to national Government funds, respectively, of the sale of 887,105 tons of butter from public storage and of the storage aid of 264,000 tons in private storage in the period from 1 November 1987 and 31 October 1988.
§ Mr. Donald Thompson
The loss on the sale of 887,105 tonnes of butter from Community intervention between 1 November 1987 and 31 October 1988 is estimated at approximately 2,145 mecu. The cost of granting private storage aid to 264,000 tonnes of butter in 1988 is estimated at approximately 70 mecu, on the assumption that all butter remained in store for the maximum 180 days. Expenditure in both these areas is met from Community funds, partly on the basis of deferred reimbursement.