asked the Secretary of State for Trade and Industry what percentage of the vouchers made available for subscribers to shares in British Telecom and to be used for reduction by that amount of subscribers' telephone accounts, were not used before the deadline date; and how much money was saved by Her Majesty's Government as a result.

Five per cent. of the vouchers which have passed the expiry dates of 25 April 1986 and 23 October 1986 were not used. This has resulted in a saving to Her Majesty's Government of around £1 million in voucher repayments and associated administrative costs.