L. A. DEBATES (CENTRAL) QUESTIONS AND ANSWERS 843
267
*** Delhi Electric Supply and Traction Company**
- Mr. T. S. Avinashilingam Chettiar : Will the Honourable the Labour Member please state :
(a) whether he has completed the enquiry promised by him in his answer to Mr. Neogy’s question No. 419 in the last session regarding the Delhi Electric Supply and Traction Company ;
(b) the profit the company is making; and
(c) the result of the enquiries, and whether Government propose exercising the option to purchase it ?
The Honourable Dr. B. R. Ambedkar : (a) and (c). The Honourable Member’s attention is drawn to the reply given to Mr. K. C. Neogy’s question on 9th February 1945.
(b) The dividend declared by the Company since 1939 has been as follows:
1939—11 per cent.
1940—11 per cent.
1941—11 per cent. income tax free.
1942—9 per cent.
1943—9 per cent.
Mr. T. S. Avinashilingam Chettiar : Have Government decided to take over the Company ?
The Honourable Dr. B. R. Ambedkar : Yes, Sir.
Mr. T. S. Avinashilingam Chettiar : When will it come into effect ?
The Honourable Dr. B. R. Ambedkar : As soon as the license ends.
Mr. K. C. Neogy : Has the notice been actually served as yet ?
The Honourable Dr. B. R. Ambedkar : I believe so.
268
@ Government Contribution to Indian Labour Federation
- Mr. T. S. Avinashilingam Chettiar : Will the Honourable the Labour Member please state :
(a) whether, in view of the fact that the President of the Trade Union Congress, Sri Jamnadas Mehta, has denied the fact of having
- Legislative Assembly Debates (Central), Vol. I of 1945, 21st February 1945, p. 583.
@ Ibid., pp. 583-84.