§ 32. Mr. Hugh Jenkinsasked the Chancellor of the Exchequer what estimate he has made of the effect of phase 3 policies on the income of shareholders.
§ Mr. Patrick JenkinDividends during stage 3 are normally restricted to an increase of 5 per cent. over those declared for the previous year. The exceptions allowed for increased capital and so on mean that the average increase will be somewhat higher than 5 per cent.