§ Mr. BeithTo ask the Chancellor of the Exchequer if he will list(a) outstanding instalments from earlier flotations of nationalised industries or governmental holdings in privatised companies, (b) the market value of each such instalment on 1 January, (c) what revenue he currently expects to receive from each instalment and (d) when he expects to receive the revenue from each particular instalment.
§ Mr. Maude[holding answer 17 February 1992]: The table shows, for each outstanding instalment, the share offer, the month in which payment is due and the expected proceeds. No market value can be given for an outstanding instalment, as none exists until the share price listing is amended by the stock exchange to reflect the imminent payment of such an instalment.
85W
Outstanding instalments from the sale of shares Share offer Month of receipt Expected proceeds (£ million) Scottish Electricity Companies—second instalment May 1992 835 BT—second instalment July 1992 1,915 Regional Electricity Companies—third instalment September 1992 1,465 BT—third instalment March 1993 1,675 Scottish Electricity Companies—third instalment April 1993 835