§ 32. Mr. Frank Allaunasked the Chancellor of the Exchequer if he is aware that the share index on the London Stock Exchange has risen from 127.8 on 19th March to l49.3 on 30th April; and if he will introduce the permanent limitation of dividends.
§ Mr. DiamondDividends are not the sole factor influencing share prices.
§ Mr. AllaunIn view of the continuing share boom—since Budget day—how can the Government expect wage restrictions to be accepted? Would not this suggestion create, or restore, some sense of fair play, particularly as temporary dividend limitation merely increases capital values?
§ Mr. DiamondMy hon. Friend will have noticed that the recent activities on the Stock Exchange do not entirely support the basis of his question.