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Rolls-Royce Plc

Volume 110: debated on Monday 16 February 1987

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asked the Secretary of State for Trade and Industry if he will state the amount of any loans still to be repaid by Rolls-Royce plc to Her Majesty's Government.

There are no amounts owing by Rolls-Royce plc on loans advanced to it by Her Majesty's Government.

asked the Secretary of State for Trade and Industry if he will state the amounts of equity capital invested by Her Majesty's Government in Rolls-Royce plc in each year since 1971; and if he will convert each of the figures into current value equivalents at today's prices.

Following is the information:

19861 PricesActual
£ million£ million
197114530
1973124230
197522077
19769338
19774521
1978147
19795431
198013894
1981170130
19826050

1 Converted into 1986 prices using the Retail Price Index.

2 Includes £10 million origninally paid by tier Majesty's Government as part of a loan but later coverted to equity.

asked the Secretary of State for Trade and Industry if he will state the dividends received by Her Majesty's Government from Rolls-Royce plc in each year since 1971 in respect of the equity capital invested by Her Majesty's Government in the company.

No dividends have been received by Her Majesty's Government in respect of equity invested in Rolls-Royce plc.

asked the Secretary of State for Trade and Industry if he will state the amount of public money provided by Her Majesty's Government to Rolls-Royce plc in each year since 1971 in respect of contributions towards aero-engine programmes, and the receipts by Her Majesty's Government in each of those years in respect of such programmes.

Following is the information on launch-aided aero-engine programmes.

£ million
1971–72
1972–734·20
1973–746·90
1974–759·90
1975–7610·10
1976–7713·00
1977–786·00
1978–7934·10
1979–8077·90
1980–8167·10
1981–8292·90
1982–8353·50
1983–8474·60
1984–8520·00
1985–8622·68
1986–8727·32
In addition, £143·4 million was provided for the fully funded RB211–22B programme in which the Government took all receipts for the first 555 engines, totalling £330 million.Six of the aero-engine programmes for which launch aid has been provided are either still in production or under development and are therefore expected to yield a levy on sales for a number of years to come.Excluding the 22B programme, the total levies on sales received by Her Majesty's Government for all launch-aided engine programmes up to 31 December 1986 was £120·6 million. An annual breakdown is not readily available.