§ 62. Mr. Pethick-Lawrence
asked the Chancellor of the Exchequer whether he is satisfied that the Capital Issues Committee is exercising due supervision over the issue of bonus shares?
§ Mr. Pethick-Lawrence
Is the right hon. Gentleman aware that, in this matter of bonus shares, the Committee have delegated their control to the sole discretion of the chairman; and, in view of the great importance of this question of issuing bonus shares and its bearing on national finance, does the right hon. Gentleman think that this is a suitable method of exercising their supervision?
§ Mr. Benson
Does the right hon. Gentleman not think that the issuing of bonus shares is really a method of avoiding the payment of Surtax and other Exchequer obligations?
§ Sir J. Simon
The issuing of bonus shares may quite easily be a form of saving or of capitalising profits.