§ Mr. SalmondTo ask the Chancellor of the Exchequer if he will give details of the cost to the Exchequer of offsets against petroleum revenue tax, in each sector of the United Kingdom continental shelf, in each of the last 10 years; and if he will make a statement.
§ Mr. Dorrell[holding answer 10 February 1993]: The figures required for the United Kingdom and United Kingdom continental shelf are included in the table. A breakdown by sector of the continental shelf is not available.
§ Mr. Dorrell[holding answer 10 February 1993]: The table shows the ordinary shares held by the Government, their market valuation and the percentage of the issued share capital that they represent. Where a special ("golden") share is held, this is shown together with the department exercising the rights attached and the expiry date, if applicable, on or before which the special share may be redeemed. Where the powers attached to a special share include the appointment of directors, this is shown.
745W
Government ordinary shareholders in private sector companies Company Number of shares (millions) Market valuation (£ million)1 Proportion of issued capital per cent. Special share Expiry date Department BAA 14.7 115.7 3.0 Yes DTp British Airways 3.2 9.5 0.4 No British Gas 0.1 0.2 2— Yes DTI British Petroleum 101.2 270.3 1.9 No British Steel 2— 2— 2— Yes 31 December 1993 DTI BT 1,352.6 5,627.0 21.9 3Yes DTI Mersey Docks and Harbour Co. 12.4 35.0 20.7 No Anglian Water 2.6 12.8 0.9 Yes 31 December 1994 DOE Northumbrian Water 0.3 1.5 0.4 Yes 31 December 1994 DOE North West Water 2.7 13.4 0.8 Yes 31 December 1994 DOE Severn Trent 3.6 17.2 1.0 Yes 31 December 1994 DOE Southern Water 1.2 5.9 0.7 Yes 31 December 1994 DOE South West Water 0.1 0.6 0.1 Yes 31 December 1994 DOE Thames Water 3.6 18.2 0.9 Yes 31 December 1994 DOE Welsh Water 1.1 5.7 0.7 Yes 31 December 1994 WO Wessex Water 0.6 3.7 0.5 Yes 31 December 1994 DOE Yorkshire Water 1.6 8.3 0.8 Yes 31 December 1994 DOE Eastern Electricity 4.8 20.6 1.8 Yes 31 March 1995 DTI East Midlands Electricity 2.5 10.6 1.1 Yes 31 March 1995 DTI London Electricity 2.5 11.0 1.1 Yes 31 March 1995 DTI Manweb 2.2 10.8 1.8 Yes 31 March 1995 DTI Midlands Electricity 3.1 14.6 1.5 Yes 31 March 1995 DTI Northern Electric 2.0 9.9 1.7 Yes 31 March 1995 DTI Norweb 2.7 13.1 1.6 Yes 31 March 1995 DTI Seeboard 2.6 12.1 2.0 Yes 31 March 1995 DTI Southern Electric 3.4 14.7 1.2 Yes 31 March 1995 DTI South Wales Electricity 1.4 7.1 1.4 Yes 31 March 1995 DTI South Western Electricity 2.5 11.7 2.0 Yes 31 March 1995 DTI Yorkshire Electricity 2.7 13.5 1.3 Yes 31 March 1995 DTI National Power 500.2 1,495.7 39.2 Yes DTI PowerGen 317.9 963.3 40.7 Yes DTI Scottish Hydro-Electric 13.3 41.7 3.5 Yes SO Scottish Power 29.4 87.1 3.6 Yes SO 8,882.7 1 Close, 8 February 2 Negligible 3 Powers include the appointment of a director or directors