Imperial Tobacco Company (Issue Proposal)

Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 25 Mawrth 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland 12:00, 25 Mawrth 1947

In this case the margin was very wide indeed. It was proposed to issue for the price of £1 a share for which the market price was £7 15s. That is much too wide.