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42.
Sir Irving Albery
asked the Chancellor of the Exchequer what price has been fixed for taking over the ordinary and preference shares of Messrs. Short Brothers; and on what date payment will be made?
The Chancellor of the Exchequer
(Sir Kingsley Wood)
The prices to be paid for the various classes of share are:
| Per share. | |
| For each perference share | 22s. 3d. |
| For each ordinary share | 29s. 3d. |
| For each "A" ordinary share | 29s. 3d. |
The M.A.P. have been asked to arrange for payment on the above basis as soon as possible.
Mr. Bellenger
On what basis have these prices been assessed? Was it in relation to the last quoted dealings on the Stock Exchange?
Sir K. Wood
The values I have mentioned represent the middle price of the market quotations on 17th March last.
Mr. Cluse
Would it not have been wise to have stated the par value of these shares in the answer?