§ Mr. Richard Pageasked the Chancellor of the Exchequer if he will list the total receipts in corporation tax, dividends and any other income to the Treasury from all the state enterprises after they were moved into the private sector, on a year-by-year basis.
§ Mr. Norman LamontInformation available front published annual reports and accounts of major privatised companies is given in the table.
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List of Treasury receipts from state enterprises since privatisation on a year-by-year basis £ million Date of Privatisation Year-end 1982 1983 1984 1985 1986 British Aerospace 1981 31 December — — — — — Corporation Tax1 — — 8.2 (0.2) 12.2 18.8 48.8 Dividends2 — — 8.2 8.8 13.2 — — Interest3 — — 3.6 2.5 2.1 1.5 n/a Loan repayment — — 4.0 4.0 4.0 4.0 n/a Per cent, shares held by Her Majesty's Government — — 48.43 48.43 48.43 — — Cable and Wireless 1981 31 March — — — — — Corporation Tax — — 51.3 17.1 29.2 31.5 10.2 Dividends — — 9.0 10.7 6.8 8.0 — Per cent, shares held by Her Majesty's Government — — 50.529 45.381 23.064 22.708 — Amersham International 1982 31 March — — — — — Corporation Tax — — — 1.0 1.3 2.1 1.6 National Freight Consortium 1982 30 September — — — — — Corporation Tax — — — 0.8 1.3 2.3 0.2 Britoil 1982 31 December — — — — — Corporation Tax — — — 114.5 129.5 175.0 70.4 Dividends — — — 24.5 28.2 — — Petroleum Revenue Tax — — — 237.5 322.7 333.5 122.9 Royalties — — — 123.2 144.6 146.0 59.7 Per cent, shares held by Her Majesty's Government — — — 49.0 49.0 — — Associated British Ports 1983 31 December — — — — — Corporation Tax — — — — 5.4 4.2 n/a Enterprise Oil 1984 31 December — — — — — Corporation Tax — — — — — 56.4 n/a Petroleum Revenue Tax — — — — — 14.0 n/a Royalties — — — — — 24.4 n/a Jaguar 1984 31 December — — — — — Corporation Tax — — — — — 16.1 n/a British Telecom 1984 31 March — — — — — Corporation Tax — — — — — — 529.0 Dividends—Preference — — — — — 41.0 63.0 —Ordinary — — — — — 116.5 224.1 Interest — — — — — 319.6 327.8 Loan repayment — — — — — 44.0 61.0 Per cent, shares held by Her Majesty's Government —preference — — — — — 100.0 100.0 —ordinary — — — — — 49.8 49.8 1 Corporation tax is included in the year in which it is charged to the profit and loss account. Deferred taxation, overseas tax, and VAT are not included. 2 Dividends are the amounts paid and proposed which are charged to the profit and loss account of each year. 3 Other income has been listed where the published accounts provide the information.