asked the Secretary of State for Energy what arrangements exist for the Isle of Man and the United Kingdom Government to share revenues derived from oil or gas production in the waters surrounding the island; and when an agreement was reached.

The arrangements, which date from an agreement reached in 1966, are set out in Section 2 of the Miscellaneous Financial Provisions Act 1968. The agreement does not apply to the territorial waters around the island in respect of which the Isle of Man Government are entitled to all the revenues.