§ Mr. Bruce-Gardyne
asked the Chancellor of the Exchequer why he accepts the 13.3 per cent. increase in total distributions by George E. Gray Limited, and the 15 per cent. increase in total distributions by United Carriers Limited as being in conformity with the Government's proposed ceiling on dividend increases.
§ Mr. Diamond
Both companies consulted the Treasury, and agreed to pay dividends at levels not higher than in respect of two years ago.