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Tuesday, 20 September 1960

The following table, compiled from published sources, shows the paid-up value of shares held by each bank in its associated hire purchase company at the first and last days of the latest financial year of each bank and dividends declared by those companies between the two dates. Dividends declared during the year shown may not have been received by banks during that year.


No information has been published by banks regarding dividends received from unit trusts or development corporations.

2.   What were the dates of (a) the Minister's reference, (b) the board's inquiry, (c) the board'* report, and (d) any action by the Minister?

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