§ Mr. Andrew F. Bennettasked the Chancellor of the Exchequer what was the cost of the Government's advertising campaign to sell their shares in Cable and Wireless.
§ Mr. MooreI estimate that advertising costs incurred to date in connection with the offer for sale of Cable and Wireless shares on 2 December will not exceed £790,000 plus VAT of about £90,000. In addition, there may be some modest further expense in due course to remind purchasers when the balance of purchase price of the shares is due. These and other costs of the sale will be met from the Contingencies Fund, as I announced on 27 October, in advance of approval of a spring Supplementary Estimate.