§ 32. Mr. T. HENDERSONasked the Secretary of State for Scotland whether, in view of the grant of £26,750 paid to the Scottish National Housing Company for the purpose of making good any deficit resulting from that company's operations at Rosyth, he can state the amount paid as dividend to the shareholders of that company in 1925?
§ Sir J. GILMOURThe amount paid in 1925 to shareholders of the Scottish National Housing Company, Limited, was £5,342 9s. 5d., less Income Tax amounting to £1,135 5s, 6d.
§ Mr. HENDERSONCan the right hon. Gentleman say why the expression "dividend" is used? Is it not the wrong word?
§ Sir J. GILMOURThey are guaranteed interest.
§ Mr. HENDERSONInterest on what? On the share holding?
§ Sir GILMOUROn the issued capital.