§ Mr. Skeetasked the Secretary of State for Energy what funds are currently standing in the national oil account; and whether the account regulated by section 40 of the Petroleum and Submarine Pipe-Lines Act 1975 will be replaced by equity capital arrangements for the British National Oil Corporation.
§ Mr. GrayThe balance of funds in the national oil account on 31 October 1981 was £631 million. The Government's policy towards the future of BNOC was debated on 10 November—[Vol. 12, c. 429–507]. Details of the legislation will come forward in the normal way.