§ 40. Sir C. Osborneasked the Chancellor of the Exchequer in how many cases dividends have been reduced since the wages and incomes policy was imposed on 20th July.
§ Mr. Callaghan206 publicly quoted companies have announced reduced dividends.
§ Sir C. OsborneHow many have been increased? Would not the Chancellor agree that most directors of public companies have tried to play ball with him in his policy?
§ Mr. CallaghanYes, Sir. About 880 dividends have been announced. About 570 have been published as being the same, 206 have been reduced, and there is a balance of 108, some of which have increased dividends within the policy or under consideration by the Treasury.