HC Deb 05 December 1957 vol 579 c70W
67. Mr. Storey

asked the Chancellor of the Exchequer how far the discontinuance which he announced on 1st August, 1957, of the practice not to give Surtax directions under Section 245, Income Tax Act, 1952, in the case of a trading company which maintains a rate of dividend accepted as reasonable for periods before June, 1947, is affected by his appeal on 29th October, 1957, for restraint in distribution of profits.

Mr. Powell

Not at all.