§ Mr. Staintonasked the Chancellor of the Exchequer what has been the estimated cash flow benefit to companies in 1973–74 and 1974–75 to date derived from the payment of dividends in stocks or shares at the option of shareholders instead of in the usual cash form ; and what has been the estimated loss of tax revenue.
§ Mr. Joel Barnett:I regret that this information is not available.
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§ Mr. Staintonasked the Chancellor of the Exchequer if he will clarify his intentions regarding dividends paid in stock or shares instead of the usual cash form by stating the position as to options still open to shareholders as at 6th April, stipulating whether his proposals relate only to those situations where there is an option open to shareholders.
§ Mr. Joel Barnett:I cannot anticipate my right hon. Friend's Budget proposals in this respect.