HC Deb 19 March 1959 vol 602 c56W
Mr. Bence

asked the Secretary to the Treasury the total amount paid to the Treasury on the debenture stock of the Steel Company of Wales, the total amount distributed in profits on the equity shares, and the rate of interest on these shares, respectively, since denationalisation.

Mr. Erroll

The Steel Company of Wales Ltd. ceased to be a subsidiary of the Iron and Steel Holding and Realisation Agency in March, 1957.

Since that date and up to 27th September, 1958, the gross interest on debenture stock paid or payable to the Agency totalled £4,460,339. My right hon. Friend has no responsibility for the dividends on the equity.

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