HC Deb 09 December 1948 vol 459 cc76-7W
52. Mr. S. Shephard

asked the Chancellor of the Exchequer what percentage of public companies have observed the voluntary standstill on dividend limitation since his request was made

Mr. Jay

Of the industrial companies reporting from 1st April to 30th November, 1948, 81 per cent. in terms of the number of companies and 93 per cent. in terms of the issued capital involved did not increase their dividends. Some of the remainder no doubt had justification for their increases.