§ Mr. Ron Thomas
asked the Chancellor of the Exchequer if he will list in the Official Report those companies which, by the use of scrip share issues and by other similar means, have avoided dividend control regulations; and if he will make a statement.
§ Mr. Joel Barnett
The issue of scrip or bonus shares does not provide a way of avoiding dividend controls since the permitted dividend is reduced in the same proportion as the issue. I am satisfied that the dividend control operates as intended.