Oral Answers to Questions — Broadcasting (Control).

Part of the debate – in the House of Commons at on 12 May 1924.

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Photo of Mr Vernon Hartshorn Mr Vernon Hartshorn , Ogmore

I do not think the last question arises. With reference to profits, under the terms of the licence issued to the Broadcasting Company they cannot distribute more than 7½ per cent. to their shareholders. Any additional profits must be used in developing the service.