HC Deb 20 May 1968 vol 765 c43W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer (1) if he will define the distinction which he draws between bear-contracted obligations, and other forecasts, respectively, in assessing whether or not to approve increases in distributions by public companies;

(2) if he will define the difference he draws for the purpose of his proposed dividend control between a specific statement by a public company intended to induce the subscription of new cash and a published forecast of total distributions by a public company issued at the time of the placing of share capital in the hands of outsider investors.

Mr. Diamond

Published guidance has been given on the definition of firm pre-Budget commitments for purposes of the scheme of voluntary dividend restraint. If the hon. Member has a particular case in mind, I would consider it.