HC Deb 14 March 1977 vol 928 c100W
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.