§ Mr. Bruce-Gardyneasked the Chancellor of the Exchequer why, having required Grattan Warehouses Limited to reduce its total distributions by .01 per cent. in order to conform to the Government's proposed ceiling on dividend increases, he approved an increase in total distributions by the Guardian Assurance which exceeded that ceiling by .008 per cent.
139W
§ Mr. DiamondThe final dividend recommended by Guardian Assurance forms part of the arrangements proposed in connection with the merger of this company and Royal Exchange Assurance, for which negotiations started well before 19th March.