That point has not been made to me by the companies themselves. The argument the Opposition have used throughout, about uncertainty associated with the British Government's oil policy, has not turned out to be the case. There is concern about unemployment and, as the hon. Member knows well, when I made my statement in September about the 1976 round this was one of the factors I had in mind. He will appreciate that we do not wish to repeat the errors made over the last round of licensing.