HC Deb 18 March 1976 vol 907 c634W
Mr. Skeet

asked the Secretary of State for Energy what is the net value of assets formerly held by the National Coal Board in the North Sea.

Mr. John Smith

The accounts of National Coal Board (Exploration) Ltd. for the financial year 1974–75 show that on 29th March 1975 the assets employed had a net book value of £46,945,000. In addition, on that date, National Coal Board (Exploration) Ltd. was leasing development assets with a net book value of £17,500,000 from its wholly-owned subsidiary L.S. Leasing Ltd.