§ Mr. James Johnsonasked the Minister of Power if he will give an estimate of the foreign currency which would be required for profit remittances abroad by North Sea gas producers assuming an output of 4,000 million cubic feet a day, at the assumed landing prices of 3d. and 2d. a therm, respectively.
§ Mr. James Johnsonasked the Minister of Power what would be the amounts payable by the Gas Council to the oil companies producing gas from the North Sea over a period of 20 years for an estimated output of 4,000 million cubic feet of gas daily if the Gas Council were charged 2d. or 3d. a therm, respectively.
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§ Mr. MarshAbout £3,600 million respectively. These sums would be subject to royalty and to tax in respect of the profit element. It should not, however, be assumed that the price and quantity are unrelated