§ Mr. Arthur Pearsonasked the Chancellor of the Exchequer what is the United Kingdom Government's present holing in the British Petroleum Company; and what total divides have accrued for each of the last five years.
116W
§ Mr. CallaghanHer Majesty's Government holds £162,000,000 Ordinary Stock and £1,000 Preference Stock, and is subscribing for 12,461,538 new Ordinary Shares of £1 each. When fully paid these Shares will be converted into Stock and Her Majesty's Government will then hold £174,461,538 Ordinary Stock.
The following dividends and payments out of a capital reserve have been received in the last five financial years:
Dividends Payments out of capital reserve £ £ Year ended 31st March, 1962 13,125,049 — Year ended 31st March, 1963 14,062,549 — Year ended 31st March, 1964 13,500,049 2,250,000 Year ended 31st March, 1965 16,200,049 2,700,000 Year ended 31st March, 1966 19,079,569 4,387,500