§ Mr. David Steelasked the Chancellor of the Exchequer how many applications he has received for profit-sharing or equity savings schemes from companies under the provisions of the Finance Act 1978; and how many of these applications have been received in each of the last five weeks.
§ Mr. Robert Sheldon, pursuant to his reply [Official Report, 19 March 1979; Vol. 964, c. 441], gave the following information:
So far 48 companies have submitted draft documents to the Inland Revenue seeking approval, under the 1978 Finance Act, for profit sharing schemes. The number received in each of the five weeks up to 9 March is as follows:
Week commencing applications 5 February 4 12 February 1 19 February 5 26 February 1 5 March 2