Skip to main content

British Petroleum Company

Volume 728: debated on Thursday 12 May 1966

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer what is the United Kingdom Government's present holing in the British Petroleum Company; and what total divides have accrued for each of the last five years.

Her Majesty's Government holds £162,000,000 Ordinary Stock and £1,000 Preference Stock, and is subscribing for 12,461,538 new Ordinary Shares of £1 each. When fully paid these Shares will be converted into Stock and Her Majesty's Government will then hold £174,461,538 Ordinary Stock.The following dividends and payments out of a capital reserve have been received in the last five financial years:

DividendsPayments out of capital reserve
Year ended 31st March, 196213,125,049
Year ended 31st March, 196314,062,549
Year ended 31st March, 196413,500,0492,250,000
Year ended 31st March, 196516,200,0492,700,000
Year ended 31st March, 196619,079,5694,387,500