§ Mr. Gryllsasked 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.
51W
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