Skip to main content

Stock Dividends: Supplementary Provisions

Volume 895: debated on Thursday 17 July 1975

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

Amendments made: No. 62, in page 92, line 42, after "is", insert "substantially greater or".

No. 63, in page 93, line 6, after 'means', insert

,subject to sub-paragraph (5) below,'.

No. 64, in page 93, line 11, at end insert—

'(5) Where, in a case falling within subparagraph (2)(b) above, the company on the occasion on which it issues the share capital in question also issues a dividend in cash ("the accompanying cash dividend") in respect of the shares in the company in respect of which that share capital is issued, "the relevant cash dividend" shall in this paragraph mean the cash dividend mentioned in sub-paragraph (2)(b) above reduced by the amount of the accompanying cash dividend.'.— [Mr. Joel Barnett.]