HC Deb 24 October 1986 vol 102 c1006W
Dr. Michael Clark

asked the Secretary of State for Energy whether the system of licensing oil and gas exploration operates at a net cost to public funds; and if he will give the most recently available figures.

Mr. Buchanan-Smith

There is no net cost to public funds. Estimated costs of administration of the licensing system were of the order of £3.9 million in 1985–86. These costs were far exceeded by licence proceeds, principally royalty, which alone amounted to about £2 billion in 1985–86.

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