§ Mr. BurnsTo ask the Chancellor of the Exchequer when the three-year review of the Valuation Office agency will commence.
§ Mr. Kenneth ClarkeA review of the agency status of the Valuation Office is to commence on 1 August 1994. As
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Outcome of the Treasury's debt sale Issuer Maturity date Coupon (per cent.) Face value (£ million) Bid (£ million) Accrued interest (£ million) Total proceeds (£ million) British Telecom 31 March 1998 8.625 141.4 143.9 6.0 150.0 British Telecom 31 March 1999 8.75 154.8 158.1 6.5 164.7 British Telecom 31 March 2005 9.250 243.6 253.3 9.9 263.2 London Electricity 25 September 1999 12.661 70.0 79.5 3.6 83.2 Manweb 25 September 1999 12.661 20.0 22.6 1.0 23.6 Manweb 25 September 2008 12.365 37.0 45.6 1.9 47.5 National Power 25 March 1998 12.035 350.0 379.5 17.3 396.8 Scottish Hydro-Electric 24 March 2005 11.856 116.0 134.8 5.7 140.5 Seeboard 25 September 2008 12.365 54.0 66.8 2.7 69.6 1,186.7 1,284.2 54.8 1,339.0 a next steps agency the performance of the VO will be evaluated and its activities will be subjected to the normal prior options tests set out in the 1993 "Next Steps Review" (Cm 2430).
Comments and contributions from those with an interest in the VO and its work would be welcome and should be sent by 30 September 1994 to Mr. Brian Mace, Valuation Office Review, Inland Revenue, Room 223, South west wing, Bush house, Strand London WC2B 4RD.