§ MR. WATT (Glasgow, Camlachie)
asked the First Lord of the Treasury, Whether, having regard to the fact that several hundreds of Companies registered under the Limited Liability Acts will Probably be forced into liquidation, owing to the recent judgment of the Lords Justices of Appeal that the issue of shares at a discount is ultra vires, he is now prepared to state what course the Government propose to take in the matter?
§ THE FIRST LORD (Mr. W. H. SMITH) (Strand Westminster)
The hon. Member is aware that the Government intend introducing a Bill dealing with this subject; and as to the date of the introduction of such Bill I am unable to add anything to the answer I gave on the 1st instant.