Scrip Issues

HC Deb 24 May 1968 vol 765 cc151-2W

Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer if he will define the types of scrip issues which are, and are not, comparable with the Government's proposed ceiling on dividend increases, respectively, giving the reasons in each case.

Mr. Diamond

Companies have been asked under the voluntary dividend restraint policy to defer making scrip issues for the time being.