§ Mr. Skeetasked the Secretary of State for Energy, in funding $150 million to Britoil on 1st November 1978 by making drawings from the national oil account, Official Report, 2nd November, how much was derived from royalties and rentals paid into the account by North Sea petroleum companies.
§ Dr. Mabon:On 1st November 1978 the balance in the national oil account consisted of moneys derived from royalty payments, periodic payments and application fees relating to petroleum production and exploration licences, as well as receipts from the British National Oil Corporation itself. Particular payments from the account are not related to particular sources of receipts.