HC Deb 22 March 1962 vol 656 cc50-1W
38. Mr. Warbey

asked the Chancellor of the Exchequer what request he has received from Courtaulds for consent to the capitalisation of £40 million of their capital profits in the form of an issue of loan stock to their stockholders at the rate of 10s. per £1 share; and what action he proposes to take.

Mr. Barber

As has been announced by the company, Treasury consent was sought and has been given for the issue of redeemable stock.