Butter (Price)

Oral Answers to Questions — Ministry of Food – in the House of Commons at 12:00 am on 3rd May 1954.

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Photo of Mr Frederick Willey Mr Frederick Willey , Sunderland North 12:00 am, 3rd May 1954

asked the Minister of Food whether he proposes to increase the price of butter sold by his Department after butter is derationed.

Photo of Mr Gwilym Lloyd George Mr Gwilym Lloyd George , Newcastle upon Tyne North

My Department will from now onwards sell butter from its own supplies at the ruling market price of the day.

Photo of Mr Frederick Willey Mr Frederick Willey , Sunderland North

Does the right hon. and gallant Gentleman appreciate that grocers are rather concerned about this and would like to know some time ahead what the Ministry's price is likely to be? Do I understand that the Minister envisages the possibility of making a profit on the sale of butter?

Photo of Mr Gwilym Lloyd George Mr Gwilym Lloyd George , Newcastle upon Tyne North

I hope that the grocers read their newspapers more carefully than the hon. Gentleman does. If they do, they ought to know now what the suggested price is. As to whether or not we shall make a profit, we cannot say that until we see how the market price goes, and that will only be after 8th May. We shall then see whether the price goes up or down.

Photo of Sir Gerald Nabarro Sir Gerald Nabarro , Kidderminster

Does my right hon. and gallant Friend recall the prognosis of the hon. Member for Sunderland, North (Mr. Willey) about the 1s. egg? Will he do nothing to interfere in any way with the normal processes of supply and demand, which will assuredly fix the proper price of butter in the future?

Photo of Mr Willie Hamilton Mr Willie Hamilton , Fife West

Can the right hon. and gallant Gentleman tell us exactly what the price of butter will be? I am sure that many Members do not know what it is likely to be.

Photo of Mr Gwilym Lloyd George Mr Gwilym Lloyd George , Newcastle upon Tyne North

I said that it would be the ruling market price of the day. I have already given my opinion as to what it will be, and I am surprised that hon. Gentlemen opposite have not seen it.

Photo of Mr Gwilym Lloyd George Mr Gwilym Lloyd George , Newcastle upon Tyne North

It will be in the neighbourhood of 4s. 1d.; it may be 4s. 3d. From then on we shall see what the market variation is.

Photo of Sir Raymond Gower Sir Raymond Gower , Barry

Is my right hon. and gallant Friend aware that all traders, including Co-operative societies, are looking forward to the derationing of butter and margarine?

Photo of Mr Frederick Willey Mr Frederick Willey , Sunderland North

Is the right hon. and gallant Gentleman aware that I made no such prognosis as that suggested by his hon. Friend the Member for Kidderminster (Mr. Nabarro)?