Water Privatisation (Hansard, 19 October 1989)

§ 199. Mr. Denzil Davies
To ask the Secretary of State for the Environment what are the costs to the Treasury of advertising the sale of the water authorities.

§ 200. Mr. Doran
To ask the Secretary of State for the Environment what are the costs to the Treasury of advertising the sale of the water authorities.

§ 201. Mr. Ron Davies
To ask the Secretary of State for the Environment what are the costs to the Treasury of advertising the sale of the water authorities.

§ 203. Mr. Darling
To ask the Secretary of State for the Environment what are the costs to the Treasury of advertising the sale of the water authorities.

§ Mr. Howard
The costs of the flotation, including the advertising, will be released to Parliament in the usual way after the sale.

§ 202. Mr. Cox
To ask the Secretary of State for the Environment what are the costs to the Treasury of the underwriting for the sale of the water authorities.

§ 204. Mr. Stott
To ask the Secretary of State for the Environment what are the costs to the Treasury of the underwriting for the sale of the water authorities.

§ 205. Mr. Cummings
To ask the Secretary of State for the Environment what are the costs to the Treasury of the underwriting for the sale of the water authorities.

§ 206. Mr. Cunliffe
To ask the Secretary of State for the Environment what are the costs to the Treasury of the underwriting for the sale of the water authorities.

§ Mr. Howard
It is too early to say what the costs of underwriting will be, but these and the other costs of privatising the water industry will be reported to Parliament in due course in the normal way.

§ Dr. Cunningham
To ask the Secretary of State for the Environment if he will(a) give details of overseas marketing and advertising campaigns paid for by his Department and organised by overseas advisers on water privatisation to attract investment in the flotation of the water industry and (b) state how much money has been spent and is proposed to be spent in each case.

§ Mr. Chris Patten
Shares will be marketed in Japan, Canada, the United States of America and several214W countries in Europe through presentations made to institutional investors by representatives of the water companies. In Japan only, factual information about the offers will be placed in a limited number of newspapers and there will be a mail shot of information about the offer to a number of private investors. The cost of all marketing, both United Kingdom and overseas, will be presented to Parliament in the usual way after flotation.

§ Dr. Cunningham
To ask the Secretary of State for the Environment when he will be in a position to state for each country the size of the share offer in the water industry to be made.

§ Mr. Chris Patten
When the prospectus is published in late November.