ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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A Split in Cement

following two years and has climbed again to 39 per cent in 1963-64 and Considering the trends in the structure of interest rates and the average rate of dividend on net worth and ordinary share capital, dividends have not been excessive; in fact, they can be considered to have declined in relative terms. These facts do not seem to suggest that there should be a freeze on dividends (or any other factor payments for that matter).

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