§ Mr. Foulkesasked the Chancellor of the Exchequer if he will publish in the Official Report a table showing the effects on public expenditure of special sales of assets in 1982–83 in the same form as the tables given for earlier years on page 2 of the May 1982 issue of "Economic Progress Report".
§ Mr. LawsonThe proceeds from special sales of assets in 1982–83 were £488 million. This figure is made up as follows:
Special Sales of Assets 1982–83 £ million (cash) Britoil shares (first instalment)* 334 Associated British Ports Holdings shares 46 Eighth round of offshore Licensing—cash tender receipts 33 Sale of Oil Stockpiles 33 Crown Agents Holdings and Realisation Board's Sale of Australian Properties 16 Forestry Commission—Sale of Land, Plantations and buildings 14 Sale of Other Stocks 7 Sale of leases of certain Motorway Service Areas—sale of land and buildings 4 Cwmbran Development Corporation; Sale of Commercial and Industrial Property† 1 TOTAL 488 * Includes repayment of a debenture of £88 million with interest. Second instalment of £293 million was received in April 1983. † Receipts contribute to the programme of New Town disposals; rest of the receipts in this programme have accrued in previous years. This total does not include receipts from the sale of British Rail Hotels (£35 million) or from the sale of the British Airways' subsidiary International Aeradio Limited (£60 million), the receipts from which were retained by the Industries concerned are taken into account in the setting of external financing limits.
§ Mr. Foulkesasked the Chancellor of the Exchequer if he will publish in the Official Report the conversion factors, appropriate for special asset sales, for 1979 survey prices into 1981–82 and 1982–83 outturn prices.
§ Mr. LawsonFor special asset sales, 1979 survey prices, as used in the 1980 public expenditure White Paper, Cmnd. 7841, were equivalent to 1979–80 average outturn prices. Outturn prices for 1981–82 and 1982–83 can be converted into the equivalent of 1979–80 outturn prices by deflating by the movement in the deflator of gross domestic product at market prices. This implies conversion factors of 0.767 for 1981–82 outturn prices, and 0.716 for 1982–83 outturn prices. The figure for 1982–83 is provisional, and figures for both years are subject to revision by the CSO.