Written question asked by Alistair Carmichael (Liberal Democrat) on Friday, 4 April 2003, in the House of Commons. It was due for an answer on Wednesday, 9 April 2003. It was answered by Lord Boateng (Labour) on Wednesday, 9 April 2003 on behalf of the Treasury.

Treasury

Question: To ask Mr Chancellor of the Exchequer, pursuant to his Answer of 31st March 2003, 402 c560W, on the Crown Estate, what assessment has been made of the impact of Crown Estate charges levied for use of the seabed on those who pay it.

Answer: Mr. Carmichael: To ask the Chancellor of the Exchequer pursuant to his Answer of 31 March, Official Report, column 560W, on the Crown Estate, what assessment has been made of the impact of Crown Estate charges levied for use of the seabed on those who pay it. [108197] Mr. Boateng: Rents charged by The Crown Estate for use of the seabed are established by professional valuers in negotiation with users and where appropriate involve consultation with the relevant industry or interest groups. The rents are set at levels appropriate to the market conditions and must not take advantage of any monopoly interest. Any tenant may have the level of rent independently evaluated by the Valuation Office.

Secondary information