Only two agreements have come to the notice of my Department under which wage rates are to be subject to adjustment in correspondence with movements in the new index of retail prices. These agreements relate to the building industry in England and Wales and waterproof garment manufacture, and cover about three-quarters of a million workers. If all food subsidies were withdrawn, and if retail prices were adjusted by amounts equivalent to the subsidies, it is estimated that the retail prices index would rise by about 12 points.