HC Deb 27 May 1976 vol 912 c301W
Mr. David Steel

asked the Secretary of State for Energy what total revenue in oil royalty payments he expects to receive during 1976; and what the figure will be in five years' time.

Mr. Benn

On latest estimates, I expect the oil royalties payable in 1976 to amount to about £7 million, of which £0.3 million has already been received. These royalties will relate to oil produced between July 1975 and June 1976.

As for the estimate for 1981, I cannot add to the answer given on 25th February by my right hon. Friend, the then Paymaster-General, to the hon. Member for Bedford (Mr. Skeet).—[Vol. 906, c. 201–2.]

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