HC Deb 06 November 1979 vol 973 c111W
Mr. Skeet

asked the Chancellor of the Exchequer whether the proceeds of the British Petroleum sale will be transferred to the Consolidated Fund for general revenue purposes.

Mr. Lawson

As indicated in the minute presented to Parliament on 31 October 1979—Cmnd. 7748—provision will be made in a Supply Estimate to be presented shortly for the expenses of the sale of shares in the British Petroleum Company Limited. Sufficient of the proceeds of the sale will be applied as appropriations in aid to reduce the Estimate to a token sum and the balance of the proceeds will be surrendered to the Consolidated Fund as extra receipts.