HC Deb 02 March 1987 vol 111 cc520-1W
Mr. Blair

asked the Chancellor of the Exchequer if he will publish in the Official Report a table like that published in a written answer on 27 January at columns 229–30 showing for the years 1974–75 to 1978–79 the actual proceeds of public sector sales of assets outside the central privatisation proceeds.

Mr. MacGregor

[pursuant to his reply, 27 February 1987]: Figures for sales of land and existing buildings for the years 1976–77 to 1978–79 are as follows:

£ million
1976–77 1977–78 1978–79
DOE—Housing 81 169 383
DOE—Other environmental services 36 32 66
Ministry of Defence 18 26 30
Home Office 12 10 17
Other 33 63 94
Total 180 300 590
Figures prior to 1976–77 are not readily available.

Mr. Blair

asked the Chancellor of the Exchequer if he will publish in the Official Report the opening and closing price on the first day of trading of the shares sold in the privatisation share issues, together with, in each case, the number of shares sold.

Mr. Norman Lamont

[pursuant to his reply, 27 February 1987]: The table gives the information requested on the number of shares and the closing prices on the first day of trading. Opening trading prices are not centrally available.

Government share sales Number of shares1 Closing trading price on first day (pence)
1. British Petroleum (a) 1977 66,800,000 368.0
(b) 1979 80,000,000 154.0
(c) 1983 130,000,000 206.0
2. British Aerospace (a) 1981 100,000,000 171.0
(b) 1985 146,852,746 245.0
3. Cable and Wireless (a) 1981 133,285,000 197.0
(b) 1983 100,000,000 98.0
(c) 1985 146,110,819 303.0
4. Amersham International 1982 44,860,000 188.0
5. Britoil (a) 1982 255,230,028 81.0
(b) 1985 242,589,490 122.0
6. Associated British Ports (a) 1983 19,600,000 138.0
(b) 1984 19,400,000 102.0
7. Enterprise Oil 1984 212,000,000 100.0
8. Jaguar 1984 177,880,000 179.0
9. British Telecom 1984 3,012,000,000 93.0
10. British Gas 1986 4,025,500,000 62.5
11. British Airways 1987 720,200,000 109.0
1 Includes in certain primary offers for sale, shares retained to meet employee applications for free shares and bonus distributions.

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