HC Deb 06 February 1945 vol 407 cc1876-7
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- 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.