[Sylvia Heal in the Chair.] — Clause 1 — Extended Meaning of "the Treaties" and "the Community Treaties"
Orders of the Day — European Communities (Finance) Bill — [1st Allotted Day]
3:30 pm
Mr Howard Flight (Arundel and South Downs, Conservative)
I entirely support the point that the hon. Gentleman makes, but is not the reason for those effects that, under Fontainebleau, the UK is obliged to contribute 70 per cent. of the cost of the exchange rate adjustment and that, over the past few years, the Government have failed to do so?