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National Lottery

Volume 477: debated on Monday 16 June 2008

To ask the Secretary of State for Culture, Media and Sport what payments were made to the Commissioners for the Reduction of the National Debt from (a) the Olympic Lottery Distribution Fund and (b) the National Lottery Distribution Fund in each of the last three years. (210401)

Details of payments to the Commissioners for the Reduction of the National Debt (CRND) can be found in Note 6 of the Olympic Lottery Distribution Fund (OLDF) annual accounts and the National Lottery Distribution Fund (NLDF) annual accounts, which can be found on the Department’s website:

http://www.culture.gov.uk/

or in the House Libraries. The 2007-08 accounts are expected to be laid before Parliament in October and will be placed on the Department’s website and in the House Libraries at that time. A summary of amounts received in the past three years is shown in the following table.

£000

NLDF

OLDF

2004-05

190

2005-06

179

2006-07

144

49

The Olympic Lottery Distribution Fund (OLDF) came into legal existence on 8 April 2005 under the terms of the Horserace Betting and Olympic Lottery Act 2004 (Commencement No. 2) Order 2005 (SI 2005/1134).