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Dividends

Volume 651: debated on Thursday 14 December 1961

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97.

asked the Chancellor of the Exchequer, in view of the fact that salaries and wages have increased by 9 per cent. in the first six months of 1961, whereas profits have fallen by 8 per cent., by how much dividends have gone up or down in the same period; whether he is satisfied that boards of directors are co-operating in his remuneration pause policy; and if he will make a statement.

I would refer my hon. Friend to the answers given to my hon. Friend the Member for Somerset, North (Mr. Leather) on 21st November and to my hon. Friend the Member for Lang-stone (Mr. Stevens) on 14th November, to which I have nothing to add.