§ Mr. Millanasked the Secretary of State for Trade and Industry if he will state the amount of any loans still to be repaid by Rolls-Royce plc to Her Majesty's Government.
§ Mr. PattieThere are no amounts owing by Rolls-Royce plc on loans advanced to it by Her Majesty's Government.
§ Mr. Millanasked the Secretary of State for Trade and Industry if he will state the amounts of equity capital invested by Her Majesty's Government in Rolls-Royce plc in each year since 1971; and if he will convert each of the figures into current value equivalents at today's prices.
§ Mr. PattieFollowing is the information:
438W
19861 Prices Actual £ million £ million 1971 145 30 1973 124 230 1975 220 77 1976 93 38 1977 45 21 1978 14 7 1979 54 31 1980 138 94 1981 170 130 1982 60 50 1 Converted into 1986 prices using the Retail Price Index.
2 Includes £10 million origninally paid by tier Majesty's Government as part of a loan but later coverted to equity.
§ Mr. Millanasked the Secretary of State for Trade and Industry if he will state the dividends received by Her Majesty's Government from Rolls-Royce plc in each year since 1971 in respect of the equity capital invested by Her Majesty's Government in the company.
§ Mr. PattieNo dividends have been received by Her Majesty's Government in respect of equity invested in Rolls-Royce plc.
§ Mr. Millanasked the Secretary of State for Trade and Industry if he will state the amount of public money provided by Her Majesty's Government to Rolls-Royce plc in each year since 1971 in respect of contributions towards aero-engine programmes, and the receipts by Her Majesty's Government in each of those years in respect of such programmes.
§ Mr. PattieFollowing is the information on launch-aided aero-engine programmes.
£ million 1971–72 — 1972–73 4.20 1973–74 6.90 1974–75 9.90 1975–76 10.10 1976–77 13.00 1977–78 6.00 1978–79 34.10 1979–80 77.90 1980–81 67.10 1981–82 92.90 1982–83 53.50 1983–84 74.60 1984–85 20.00 1985–86 22.68 1986–87 27.32 In addition, £143.4 million was provided for the fully funded RB211–22B programme in which the Government took all receipts for the first 555 engines, totalling £330 million.
Six of the aero-engine programmes for which launch aid has been provided are either still in production or under development and are therefore expected to yield a levy on sales for a number of years to come.
Excluding the 22B programme, the total levies on sales received by Her Majesty's Government for all launch-aided engine programmes up to 31 December 1986 was £120.6 million. An annual breakdown is not readily available.