§ 59. Mr. Higginsasked the Chancellor of the Exchequer what estimate he has made of the effect which the control of dividends has had on the productivity of new capital formation.
Surtax Net Receipt, 1969 £'000 January February March April May June Total … … 64,969 46,815 30,590 15,964 14,117 11,212 Surtax for the year: 1960–61 … … 47 18 84 49 66 … 1961–62 … … 24 15 50 26 74 … 1962–63 … … 122 123 47 164 111 … 1963–64 … … 100 152 115 142 117 … 1964–65 … … 246 260 183 298 207 … 1965–66* … 848 710 655 633 559 … 1966–67 … … 1,682 1,687 1,494 1,319 1,305 … 1967–68 … … 61,020 43,386 26,711 13,151 11,699 … * Including the 10 per cent, surcharge.