Dividends (Increase)

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 16 December 1947.

Alert me about debates like this

Photo of Mr George Thomas Mr George Thomas , Cardiff Central 12:00, 16 December 1947

asked the Chancellor of the Exchequer (1) whether the advice not to pay increased dividends was communicated to the brewing industry; and what has been the result;

(2) whether the advice not to pay increased dividends was communicated to the plastics industry; and what has been the result.

Photo of Sir Stafford Cripps Sir Stafford Cripps , Bristol East

The advice was of general application. I strongly hope that both these and other industries will realise the importance to our economy of restraint in the distribution of dividends.