§ Mr. John Mooreasked the Chancellor of the Exchequer further to his answer,Official Report, 21st July 1977, column 711, what additional revenues the Government expect from royalties in addition to the figures mentioned for petroleum revenue tax and corporation tax; and if he will give a similar gross Government revenue figure for the years 1981, 1982 and 1983.
§ Mr. Robert SheldonGovernment revenues from Royalties on North Sea oil and gas until the end of 1980 is expected to be in the region of £1½ billion to £2 billion at 1976 prices. The combined yield of royalties, petroleum revenue tax and corporation tax is now expected to be £5 billion—£5½ billion in
532Wporation in 1977–78 will be sought in a supplementary estimate for the Housing England Vote. Pending that approval applications are being made for repayable advances from the Contingencies Fund.