§ Dr. David Clark
To ask the Secretary of State for Defence what receipts from the sale of his Department's Upholder class submarines will be retained by(a) his Department and (b) the Treasury; and if he will make a statement. 
§ Mr. Arbuthnot
I currently expect that all the receipts accruing from the sale of the Upholder class submarines will be retained by the Ministry of Defence. In the event that actual receipts exceed voted provision, Government accounting regulations stipulate that the excess goes to the Consolidated Fund.