§ Mr. Arthur Lewisasked the Chancellor of the Exchequer whether he is aware that the Phonographic Juke Box Pin Table Equipment Company have announced an increased dividend from 245W 42½ per cent. to 60 per cent.; and why the Treasury gave permission for this increase.
§ Mr. DiamondThe Phonographic Equipment Company Limited was firmly committed to total dividends of 60 per cent. in a public offer document issued before the Budget. Treasury approval was given in accordance with the ruling which I explained to the House on 25th March