§ 69. Mr. Dodds-Parkerasked the Chancellor of the Exchequer whether, in view of the adverse effects that the close company Sections of the Finance Act 1965 are having on the growth of many smaller companies, he will seek to amend these Sections in the next Finance Bill.
§ Mr. DiamondI am not aware that these Sections have an adverse effect on growth.
§ Mr. Stratton Millsasked the Chancellor of the Exchequer how many publicly quoted close companies have made dividend announcements since 20th July last; how many have increased their dividend; and how many of these were due to the Inland Revenue invoking the provisions of the Finance Act 1965.
§ Mr. MacDermotNo separate record is available of close companies as such.