Lever Brothers and Unilever, N.V.

Oral Answers to Questions — National Finance. – in the House of Commons on 27th January 1942.

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Photo of Mr Alexander Sloan Mr Alexander Sloan , South Ayrshire

asked the Chancellor of the Exchequer whether he is aware that the directors of Lever Brothers and Unilever announce that the German commissioners for the company's Dutch associate, Lever Brothers and Unilever, N.V., has ordered the payment of full dividends on the Dutch company's five, six and seven per cent. preference shares, which means, in effect, that the British company will benefit to the exent of £1,400,000; and does this mean that ordinary financial relations are permitted to continue between these German and British traders and financiers?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

No financial relations are permitted between concerns in this country and those in the Netherlands, and no dividends can be remitted from this country to the Netherlands or from the Netherlands to this country so long as the Netherlands is in enemy occupation. Accordingly the answer to the last part of the Question is in the negative.

Photo of Mr Richard Stokes Mr Richard Stokes , Ipswich

Does that also apply to any kind of negotiations or dealings with the Bank for International Settlement?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

That is another matter.