§ Mr. E. Porterasked the Chancellor of the Exchequer what are the names and yearly fees of the British directors of the Suez Canal Company; and what is the average number of meetings held in each year for the last five years.
§ Sir S. CrippsThe present British Government directors are the Earl of Cromer, Sir Ronald Fraser and Sir Francis Wylie. The British commercial directors are Sir Alan Anderson, Major Bibby, Sir Alan Currie, Lord Hankey, Sir Hubert Heath-Evans, Sir Harrison Hughes and Lord Rotherwick. I do not think it is for me to give information on the fees paid to the directors, beyond stating that these vary from year to year, being based, according to the Statutes of the Company, on a 2 per cent. share of the net profits.
As regards the second part of the Question special war-time arrangements applied until 1946. The average yearly number of meetings since 1946 of the Committee of Management is 33. The Board of Directors normally meets once a month in accordance with the Statutes, and there is also one meeting of shareholders every year.