§ 20. Mr. Silkin
asked the President of the Board of Trade if he is aware that Austin Motors, Limited, have announced the payment of a bonus of 10 per cent. on their ordinary and A ordinary stock without publishing their accounts; if he has called the attention of the Cohen Committee to this further example of a company's failure to comply with the Stock Exchange regulation; and if he proposes to expedite legislation, in view of the repetition of these failures.
§ Mr. Dalton
Yes, Sir, but I am glad to note that, following the failure of this company to publish their profits simultaneously with their dividend announce- 1877 ment, dealings in their shares were suspended. As a result, preliminary profit figures were quickly made available. The Cohen Committee already have this matter before them.