§ Mr. Wolrige-Gordonasked the Secretary of State for Scotland what is his latest estimate of the direct value to the Government from North Sea oil; how this compares with other major Scottish industries; and what proportion it is of the gross national product.
§ Mr. RidleyI have been asked to reply.
Licence payments for the four oilfields announced amount to £175,000; gross
82Win the course of the next few months proposals for staffing standards for secondary schools in the post-R.S.L.A. period on the basis of which a forecast of teacher demand could be formulated.
national product for 1970 was £42,877 million but comparisons with the direct value of major Scottish industries is not possible. Future revenue will include rentals and, more significantly, royalties but estimates of royalties are not possible at this stage.