§ Sir ARTHUR MARKHAMI beg to ask the Chancellor of the Exchequer a question, of which I have given him private notice, namely: Whether a call made 175 to-day on partly-paid shares in a limited company, of which the holder was registered prior to the moratorium, can be called up?
§ Mr. LLOYD GEORGEIf the question means can notice of a call be given during the moratorium period, the answer is in the affirmative. If, however, the call is made for payment on a date before the expiry of the moratorium, the date for payment would be extended under the moratorium.
§ Sir A. MARKHAMCan any shareholder, in a call made by any limited company on unpaid shares, avail himself of the moratorium?
§ Mr. LLOYD GEORGEYes.
§ Sir A. MARKHAMDoes it mean that no company can raise additional capital to meet its liabilities? [HON. MEMBERS: "No, no!"]