§ Mr. Arthur Lewisasked the Chancellor of the Exchequer why he permitted the Midland Bank to increase its dividend by 15 per cent. against the norm, in view of the company's estimated increased profits of £34 million to around £190 million.
§ Mr. Joel BarnettIn accordance with the long-standing rules of the dividend control, companies are permitted, with Treasury consent, to increase their dividends above the statutory limit when this is necessary to raise new capital for investment.