§ Mr. CohenTo ask the Chancellor of the Exchequer what are the proceeds received by the Crown Estate Commission in the last year for which figures are available; from what sources they derived; how they are distributed; and to which bodies. [20055]
§ Mr. AitkenThe Crown Estate Commissioners operate under the provisions of the Crown Estate Act 1961. They do not distribute their proceeds. Under the terms of the Civil List Act 1952, their surplus revenue, after deducting 369W operating costs, is surrendered direct to the consolidated fund each year. In 1993–94, the amount was £78.9 million. Details of the Crown Estate's financial performance is contained in the commissioners' annual report to Parliament, a copy of which is available in the Library of the House.