London, Dec. 6.
The following information regard-ug the administration of the Suez Zanal was given by Sir John Simon, he Chancellor of the Exchequer, at question time in the House of Commons yesterday.
There are seven British directors of he Canal, apart from three British Government directors.
All except the Government appointes are elected by share-holders on nomination by the Board.
When a vacancy occurs among unofficial British directors, the name of! the successor is customarily submitted by the remaining unofficial directors.
Each director holds 100 shares, and the British Government holds 353/504 shares.
There are altogether 800,000 shares, and no shareholder is entitled to more than ten votes.
The shares purchased in 1876 by{ the Treasury numbered 176,602, of the nominal value of 500 francs each, and, the cost at the old par exchange s £4,076,622 sterling.
idend received in 1935 was £2,449,000, in 1936, £2,248,000, and in 1937, £1,975,000, all in sterling. i The percentage of the last three amounts to the costs in sterling respectively were 50.1, 43.2 and 48.5.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.