§ 85. Mr. ALFRED DAVIES (Clitheroe)asked the Parliamentary Secretary to the Ministry of Munitions if the contemplated profits stated in the prospectus of the British Cellulose and Chemical Manufacturing (Parent) Company, Limited, are realised, namely, that the earnings of that company should be sufficient to pay to the preference shareholders an additional nine per cent. over and above the seven and a-half per cent. to which they have cumulative rights; and what will be the percentage returns to the vendors of the shares of the original British Cellulose and Chemical Manufacturing Company on the cash which they put into that company?
The PARLIAMENTARY SECRETARY to the MINISTRY of MUNITIONS (Mr. J. Hope)The percentage returns to the vendors of the shares of the original British Cellulose and Chemical Manufacturing Company on the cash which they put into that company can only be calculated after it is known the amount of dividend payable on the ordinary shares of the British Cellulose and Chemical Manufacturing (Parent) Company, Limited, and I have no information as to what this dividend is likely to be.