Part of Oral Answers to Questions — Agriculture, Fisheries and Food – in the House of Commons at 12:00 am on 7 February 1974.
The hon. Member appears to be confused in his thinking. The Intervention Board carries out a function within the operation of the common agricultural policy in each country within the Community. We accepted that when we joined, just as the Labour Government said they accepted the CAP when the negotiations started. They have accepted it and we propose to work it. As for beef, a small quantity in Northern Ireland has gone into intervention, but if substantial quantities went to intervention it would prevent a sudden shortage pushing the prices right up. That would be a reassurance to our farmers and our housewives, who would know that prices could not rise to a very high level.