§ 105. Sir G. Nabarroasked the Chancellor of the Exchequer why he has again given permission to Pergamon Press to increase its dividend; and whether this decision denotes a general relaxation of dividend restraint policies.
§ Mr. DiamondTotal distributions to the existing body of ordinary shareholders in Pergamon for 1968 will not exceed 103½ per cent. of the amount distributed for 1967. The forecast increase from 40 per cent. to 47½ per cent. takes account, as in other cases, of waivers of entitlements to dividends. There has been no relaxation of the restraint scheme as set out in the White Paper Command 3590.