§ Mr. Wolrige-Gordonasked the Chancellor of the Exchequer what are the potential sources of Government revenue from the exploration and exploitation of the North Sea oil fields.
§ Mr. Patrick JenkinThe present specific sources are rentals and premia on licences, and royalties on the wellhead value of production. I do not think it would be profitable to speculate on other sources; but I can assure my hon. Friend that the matter is kept under careful review.