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:
|Dividends||Payments out of capital reserve|
|Year ended 31st March, 1962||13,125,049||—|
|Year ended 31st March, 1963||14,062,549||—|
|Year ended 31st March, 1964||13,500,049||2,250,000|
|Year ended 31st March, 1965||16,200,049||2,700,000|
|Year ended 31st March, 1966||19,079,569||4,387,500|