HC Deb 01 May 1923 vol 163 c1209W
Commander BELLAIRS

asked the Financial Secretary to the Treasury in reference to the Suez Canal shares owned by Great Britain of a market value on 25th April of £19,206,335, whether he can state the amount paid since the original purchase by the company to the British Government for ordinary shares which have been drawn?

Major BOYD-CARPENTER

The present holding of Great Britain consists of 160,101 original shares and 16,501 Actions de Jouissance which replace drawn original shares. The estimated market value of this holding is, as stated, £19,206,335. When an original share is drawn the holder receives in addition to an Action de Jouissance repayment in cash. 16,501 original shares held by Great Britain have so been drawn and over a period of years the Exchequer has received in repayment of these drawn shares £292,451 8s. 8d.