HC Deb 27 May 1968 vol 765 c168W
Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer whether he considers that the 11.1 per cent. increase in distributions by Hunting Associated Industries, the 16.6 per cent. increase in distributions by Kampong Lanjut Tin and the 4.05 per cent. increase in distributions by Overseas Trading Corporation (1939) are in accordance with the Government's proposed ceiling on dividend distributions; if he will set out in the OFFICIAL REPORT the actuarial calculations on which his decision, in each case, is based; and if he will give an undertaking, in each case, not to take steps to interfere with such distributions.

Mr. Diamond

Hunting Associated Industries Limited is a close company. Neither Kampong Lanjut Tin Berhad nor Overseas Trading Corporation (1939) are incorporated in the United Kingdom.

Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what he estimates, for the purposes of his proposed ceiling on dividends, to have been the gross distribution to shareholders from profits, and the value of capital distributions, in aggregate, and per share, respectively, to shareholders in Burmah Oil Limited and in Castrol Limited, respectively, in 1963, 1964, 1965 and 1966, and the comparable figures in each case, in respect of 1967, with the percentage changes, year by year, in each and every case.

Mr. Diamond

I suggest the hon. Member might consult available published sources.

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