HC Deb 30 July 1954 vol 531 cc117-8W
Sir W. Darling

asked the Chancellor of the Exchequer the present holding by the British Government in the Suez Canal Company; what is the return on this holding; and who are the directors representing British interests.

Mr. R. A. Butler

Her Majesty's Government hold 353,504 shares in the Suez Canal Company. The net return on this holding after deduction of Egyptian tax totalled £2,852,796 in the year ending 31st March, 1954.

The present British Government directors of the Suez Canal Company are Sir Alexander Cadogan, Mr. E. W. Meiklereid and Sir Francis Wylie. The British commercial directors are Major Bibby, Sir William Currie, Sir Hubert Heath Eves, Lord Hankey, Sir Thomas Harrison Hughes and Lord Rotherwick.