HC Deb 17 February 1930 vol 235 cc951-2W
Mr. KELLY

asked the Financial Secretary to the Treasury what is meant by the disposal of £65,554 shown as dividends to shareholders in the Report of the Industrial Assurance Commissioner, published on 2nd July, 1929, for the year 1927, seeing the files at Somerset House show no list of shareholders?

Mr. PETHICK-LAWRENCE

The figure to which the hon. Member refers appears against the name of the Salvation Army Assurance Society, Limited, in the column headed "Shareholders' Dividends, etc.," and it is not accurate to say that it is shown as "dividends to shareholders." The column does not predicate that it was distributed as dividends to shareholders. I understand that the company is limited by guarantee, and not by shares.