North Sea Oil (Petroleum Revenue Tax)

Part of the debate – in the House of Commons at 12:00 am on 25 February 1975.

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Photo of Mr Trevor Skeet Mr Trevor Skeet , Bedford 12:00, 25 February 1975

Does the Minister accept the proposition which the Government have put forward that the oil companies' profit will be the same on 49 per cent. participation as though they had 100 per cent. control?