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Petroleum Royalties

Volume 940: debated on Wednesday 30 November 1977

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asked the Secretary of State for Energy if he will seek to amend Section 40 of the Petroleum and Submarine Pipe-lines Act 1975 to ensure that petroleum royalties, licence fees and rentals arising from licences granted pursuant to the Petroleum (Production) Act 1934 are payable to the Exchequer and not into the National Oil Account.