§ 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.]