§ Mr. Andrew WelshTo ask the Chancellor of the Duchy of Lancaster what are(a) the rateable values and (b) the rates payable for the British Steel Corporation's integrated steelworks; and on what basis they are levied.
§ Mr. AtkinsThe rateable values and rates payable for the British Steel Corporation's integrated steel works are as follows:
Integrated works Rateable values Rates payable £ £ England Teeside 4,600,000 14,091,640 Scunthorpe 4,078,000 10,884,998 Wales Llanwern 3,552,120 8,227,588 Port Talbot 3,292,000 8,757,707 Scotland Ravenscraig 7,320,000 5,892,600 These figures relate to the 1987–88 rate year which ends on 31 March 1988. The rates are levied on the rate in the pound adopted for other non-domestic properties in the particular area of the rating authority. The works are assessed in accordance with general rating law and not under any special statutory formula.