HC Deb 16 March 1992 vol 205 c810W
Mr. Faulds

To ask the Minister for the Arts whether he will(a) arrange for the issue of an erratum slip with the "Report for 1992 of the Office of Arts and Libraries", Cm. 1912, in respect of the last sentence of paragraph 3.3 of that report and (b) issue a press notice, to draw attention to his answer to the hon. Member for Warley, East of 2 March, Official Report, column 20, on current Government policy in respect of access to the contingency reserve for the purpose of covering acceptances in lieu of tax.

Mr. Renton

[holding answer 9 March 1992]An erratum slip will be issued shortly by my office, amending the two final sentences of paragraph 3.3 of the above Report to readLord Gowrie announced in July 1985 that the provision for Acceptance in Lieu may be supplemented by access to the Contingency Reserve for large and important offers. He said that "Looking simply at recent and current levels of acceptance in lieu offers, we would expect to call on the Reserve for around £10 million or so a year, taking one year with another. I must emphasise strongly that this is an estimate; it is neither a target nor a limit, as in any given year the demand could be either less or more.

I see no need to issue a press notice on this matter.