HC Deb 24 April 1968 vol 763 c60W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer why he objected to the decision of Lesney Limited to make an issue of bonus shares to its shareholders, but approved of its decision to make a scrip issue instead.

Mr. Diamond

In fact, the course recommended by the directors of this company was the splitting of existing shares into units of a reduced nominal value, to which there is no objection.