HC Deb 26 June 1975 vol 894 c190W
41. Mr. Grimond

asked the Secretary of State for Energy what is the estimate of the cost of establishing the British National Oil Corporation.

Mr. John Smith

The costs of the organising committee which will prepare for the establishment of BNOC are not at present expected to exceed about £1 million. The further administrative costs involved once the corporation is in being will depend on the rate of its build up.

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