HC Deb 19 October 1981 vol 10 cc50-1W
Mr. Grylls

asked the Chancellor of the Exchequer if, further to his reply to the hon. Member for Macclesfield (Mr. Winterton) on 30 July 1981, Official Report, c. 1153, he will show how the totals of special sales of public sector assets for 1979舑80 and 1980舑81 are made-up.

Mr. Ridley:

The information is set out in the two tables below.

Special Sales of Assets 1979舑80
Transaction £million
Net reductions in expenditure
Sale of shares in the British Petroleum Co. Ltd. 276
National Enterprise Board舒sale of certain shares 37
Sale of shares in Drake & Scull Holding Ltd. 1
New Town Development Corporations and the Commission for the New Towns舒sale of land and buildings 26
Regional Water Authority舒sale of land 3
Sale of shares in Suez Finance Company 22
Property Services Agency舒sale of land and buildings 5
Total 370
Revenue offsets to planned expenditure
British National Oil Corporation舒receipts of advanced payments for oil 622
Transaction £ million
Stamp duty and VAT 7
Grand Total 999
This table was first published in the 1981 Public Expenditure White Paper, Cmnd. 8175 as table 4.11.
Special Sales of Assets 1980舑81
Transaction £million
Receipt of premiums levied on the seventh round of North Sea oil licences 210
Change in level of receipts of advance payments for oil 舒49
Sale of leases of certain motorway service areas舒sales of land and buildings 28
Property Services Agency舑sale of land and buildings 4
Sale of shares in British Aerospace Ltd. 43
Payment of premiums levied on the seventh round of North Sea oil licences grants to British National Oil Corporation 舑15
New Town Development Corporations and the Commission for New Towns舒sales of land and buildings 52
National Enterprise Board舒sales of certain shares 83
Total 356