HC Deb 17 April 1972 vol 835 cc26-7
26. Mr. Douglas

asked the Secretary of State for Trade and Industry if he will make a statement on the relationship of the proposed Industrial Development Board with companies undertaking development projects in connection with North Sea oil.

Mr. Chataway

Companies undertaking such projects will fall within the field of interest of the Industrial Development Board.

Mr. Douglas

Could the right hon. Gentleman give an assurance that one of the delegated powers that he will give to the region might be in respect of the petrol division itself? Can we look for a transfer of the petrol division of his Ministry to Scotland in view of the vast North Sea oil potential there?

Mr. Chataway

The petroleum division is responsible for the licensing arrangements for getting petroleum and for all other matters relating to fuel and power which are outside the rôle of the Industrial Development Executive for which I have responsibility.

Mr. David Steel

Has the right hon. Gentleman had a chance to meet his new colleague, Lord Polwarth, the Minister of State, Scottish Office, and ascertain his views on the agencies which might be set up in Scotland in order to make use of the revenues from North Sea oil? If not, will he do so?

Mr. Chataway

I intend to work in the closest consultation with Scottish Ministers.