Telephone Rentals, Ltd. (Dividend Distributions)

HC Deb 07 May 1968 vol 764 c53W

Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer why he approved a 25 per cent. increase in aggregate distributions to shareholders by Telephone Rentals Limited.

Mr. Diamond

The company was committed to an annual dividend rate of 26 per cent. by the terms of an offer made to shareholders of another company before 19th March.