asked the Chancellor of the Exchequer if he will publish in the Official Report a table like that published in a written answer on 27 January at columns 229–30 showing for the years 1974–75 to 1978–79 the actual proceeds of public sector sales of assets outside the central privatisation proceeds.
[pursuant to his reply, 27 February 1987]: Figures for sales of land and existing buildings for the years 1976–77 to 1978–79 are as follows:
£ million | |||
1976–77 | 1977–78 | 1978–79 | |
DOE—Housing | 81 | 169 | 383 |
DOE—Other environmental services | 36 | 32 | 66 |
Ministry of Defence | 18 | 26 | 30 |
Home Office | 12 | 10 | 17 |
Other | 33 | 63 | 94 |
Total | 180 | 300 | 590 |
Figures prior to 1976–77 are not readily available. |
asked the Chancellor of the Exchequer if he will publish in the Official Report the opening and closing price on the first day of trading of the shares sold in the privatisation share issues, together with, in each case, the number of shares sold.
[pursuant to his reply, 27 February 1987]: The table gives the information requested on the number of shares and the closing prices on the first day of trading. Opening trading prices are not centrally available.
Government share sales
| Number of shares1
| Closing trading price on first day (pence)
| |
1. British Petroleum | (a) 1977 | 66,800,000 | 368·0 |
(b) 1979 | 80,000,000 | 154·0 | |
(c) 1983 | 130,000,000 | 206·0 | |
2. British Aerospace | (a) 1981 | 100,000,000 | 171·0 |
(b) 1985 | 146,852,746 | 245·0 | |
3. Cable and Wireless | (a) 1981 | 133,285,000 | 197·0 |
(b) 1983 | 100,000,000 | 98·0 | |
(c) 1985 | 146,110,819 | 303·0 | |
4. Amersham International | 1982 | 44,860,000 | 188·0 |
5. Britoil | (a) 1982 | 255,230,028 | 81·0 |
(b) 1985 | 242,589,490 | 122·0 | |
6. Associated British Ports | (a) 1983 | 19,600,000 | 138·0 |
(b) 1984 | 19,400,000 | 102·0 | |
7. Enterprise Oil | 1984 | 212,000,000 | 100·0 |
8. Jaguar | 1984 | 177,880,000 | 179·0 |
9. British Telecom | 1984 | 3,012,000,000 | 93·0 |
10. British Gas | 1986 | 4,025,500,000 | 62·5 |
11. British Airways | 1987 | 720,200,000 | 109·0 |
1 Includes in certain primary offers for sale, shares retained to meet employee applications for free shares and bonus distributions. |