HC Deb 07 May 1996 vol 277 c37W
Mrs. Beckett

To ask the President of the Board of Trade what plans he has to provide a dividend dowry for British Energy after privatisation. [28131]

Mr. Lang

I have no plans to provide a dividend dowry for British Energy post privatisation.

Mrs. Beckett

To ask the President of the Board of Trade what plans he has to structure the finances of British Energy to create a special dividend reserve. [28141]

Mr. Lang

I have no plans to create a special dividend reserve for British Energy. Like any other company British Energy will pay dividends out of its distributable reserves using its own cash resources.

Mrs. Beckett

To ask the President of the Board of Trade if he will list the liabilities that will follow the assets upon privatisation of the nuclear industry; and if he will make a statement. [28130]

Mr. Lang

The details of the liabilities that will be taken by British Energy into the private sector at flotation will be given in the prospectus.