Government Stocks (Dividends).

Oral Answers to Questions — Post Office. – in the House of Commons am ar 11 Gorffennaf 1922.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Fredric Wise Mr Fredric Wise , Ilford

53.

asked the Chancellor of the Exchequer if he can see his way to pay dividends on all Government registered stocks quarterly instead of half-yearly?

Photo of Mr John Baird Mr John Baird , Rugby

The answer is in the negative. I see no reason why an unconvenanted benefit of the kind proposed should be given to holders of Government stock without some equivalent being secured for the taxpayer.

Photo of Mr Arthur Samuel Mr Arthur Samuel , Farnham

If that proposal were put into operation, would it not cost us a sum of not less than £1,000,000 sterling out of taxation?