To ask the Secretary of State for Foreign and Commonwealth Affairs if he will make a statement on the economic progress in the Falklands fishing zone.

The estimated revenue to the Falkland Islands Government (FIG) from fishing licences and trans-shipping fees for the 1987–88 financial year is £18·65 million. In addition, Stanley Fisheries Limited has received joint venture premiums of £6·2 million. This income has provided a substantial boost to FIG revenues.