§ Mr. Rowlandsasked the Chancellor of the Exchequer what assumptions in arriving at the external financing limit figure of £85 million for the British National Oil Corporation in 1982–83, have been made about (a) oil price, (b) exchange rate, (c) production levels and (d) capital expenditure.
§ Mr. GrayI have been asked to reply.
As in previous years the forecast external financing requirement for the British National Oil Corporation is not expressed as a limit. The assumption made by the corporation in drawing up its proposals following which the external financing requirement was settled are commercially confidential.