Petroleum Royalties (Relief)

Bills Presented – in the House of Commons at 3:35 pm on 23rd June 1983.

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Mr. Secretary Walker, supported by Mr. Chancellor of the Exchequer, Mr. Secretary Younger, Mr. Alick Buchanan-Smith and Mr. Giles Shaw, presented a Bill to confer on holders of petroleum production licences an exemption from royalties (including royalties in kind) in respect of petroleum from certain new fields off the coast of Great Britain: And the same was read the First time; and ordered to be read a Second time tomorrow and to be printed. [Bill 2.]