§ 28. Mr. WISEasked the President of the Board of Trade whether information is available as to the extent to which the nominal capital of limited companies subject to Income Tax has been increased since the War by the issue of bonus shares; what percentage relation this figure bears to the total nominal share capital of such companies; and what is the average rate of interest paid on such bonus shares?
§ Mr. WISECannot the information be secured by the hon. Gentleman's Department from the Revenue Department?
Major LLOYD GEORGEIn view of the fact that there are nearly 100,000 of these limited companies, I do not think that the labour and expense involved would be justified.