§ 79. Major HUNTasked the President of the Board of Trade whether, as the Kellner-Partington Wood Pulp Company is to remain an English company subject to English law but with foreign directors and mainly foreign shareholders, he will approach the new directors and suggest that a controller be appointed by agreement for the period of the War, with powers limited to preventing sales of such a character that the goods may reach the enemy by indirect means, and that, failing such agreement, an application be made to the Court under the Trading With the Enemy Acts?
§ Mr. WARDLEI do not think that it is at present necessary for the action suggested by my hon. and gallant Friend to be taken. My Noble Friend the Minister for Blockade concurs in this view.
§ 80. Major HUNTasked whether, in view of the fact that the Kellner-Partington Wood Pulp Company is to remain an English company subject to English law, he can state where the registered offices of the new company will be situated; and whether Income Tax and Excess Profits Duty will be paid by all shareholders in this company on exactly the same footing as any other British company?
§ Mr. WARDLEThe registered office of the Kellner-Partington Wood Pulp Company, Limited, is at 11, New Market Lane, Manchester, and I am not aware of any proposal to change the registered office. With regard to any question as to Income Tax or Excess Profits Duty, I must refer the hon. and gallant Member to my right hon. Friend the Chancellor of the Exchequer.