§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer why he approved the 22 per cent. increase in total distributions to shareholders by the Bovis Group Limited.
§ Mr. DiamondThe company issued ordinary shares in exchange for the acquisition of another company in a transaction carried through prior to 19th March, 1968. The value of the shares so issued was determined by a commitment by Bovis Holdings Limited as to their final dividend. Documentary proof to this end was provided.