§ 14. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer what representations were made to him about the decision of the Ford Motor Company Limited to pay an increased dividend to its parent company out of reduced profits; and what answer he gave.
§ Mr. MacDermotThe dividend referred to was not subject to the standstill. It was declared and paid in April, 1966.
§ Mr. Bruce-GardyneWill the hon. and learned Gentleman tell the House whether such a dividend increase would have been approved if it had been paid by the company to United Kingdom shareholders?
§ Mr. MacDermotThe question does not arise. It is purely hypothetical, because this was outside the period of the standstill.