§ Mr. Bruce-Gardyne
asked the Chancellor of the Exchequer whether he accepts the 200 per cent. increase in total distributions by British Steel Piling Limited, and the 4.35 per cent. increase in total distributions by Fortnum and Mason Limited as being in conformity 299W with the Government's proposed ceiling on dividend increases; if he will set out the actuarial calculations on which his decisions in each of these cases are based; and if he will give an undertaking not to prevent such distributions in either case.
§ Mr. Diamond
British Steel Piling Limited consulted the Treasury, and agreed to pay a level of dividend not exceeding that paid three years earlier. The Treasury are making inquiries of Fortnum and Mason Limited.