§ Mr. G. R. Straussasked the Chancellor of the Exchequer (1) to state the total expenses incurred by the Iron and Steel Realisation and Holding Agency, including the underwriting commission paid to the consortium, in selling
Company Number of Shares offered Total Expenses incurred by the Agency Number of applications £ The United Steel Companies Ltd. 14,000,000 Ordinary at 25s. a share. 483,541 52,380 The Lancashire Steel Corporation Ltd. 4,500,000 Preference at 21s. a share 248,987 3,594 4,500,000 Ordinary at 22s. a share 2,032 Stewarts and Lloyds Ltd. 10,000,000 Ordinary at 35s. a share 488,304 12,859 John Summers & Sons Ltd. 9,000,000 Ordinary at 24s. 6d. a share 315,000 12,576 315,000 (Estimated) Dorman, Long & Co. Ltd. 15,000,000 Ordinary at 22s. 6d. a share 487,500 (Estimated) 52,391 Colvilles Ltd. 10,000,000 Ordinary at 26s. a share 370,000(Estmated) 159,931 (certain Multiple applications were treated as single applications) The basis of acceptance of applications differed according to the response to the Offer. In general, all applications received before the closing of the application lists were accepted—either in full or in part, depending on the size of the application.