HC Deb 17 May 1968 vol 764 cc299-300W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer on what grounds he has decided that the 20 per cent. increase in total distributions by the Amey Group Limited is in conformity with the Government's proposed dividend ceiling.

Mr. Diamond

The company issued ordinary shares in exchange for acquisitions made before 19th March, 1968. The value of the shares issued was based on a commitment by the company to a final dividend rate of 8 per cent. Documentary proof to this end has been provided.