§ 8. Sir R. COOPERasked the President of the Board of Trade whether he is aware that the London and Hamburg Gold Recovery Company, at present trading as an English company, is controlled by Mr. Edmund Davis; that, approximately, two-thirds of the capital, being 99,403 shares, more or less, were at the outbreak of war owned by residents in Germany; whether any steps have been taken to realise these shares or to transfer them to British subjects; and, if so, whether any steps were taken to ensure that the transferees were not acting as trustees for enemy aliens in the matter?
Sir A. STANLEYI understand that the London and Hamburg Gold Recovery Company, Limited, which is not carrying on any business, is not controlled by Mr. Edmund Davis. Approximately three-fourths of the issued capital was held by enemies, and these shares have been transferred into the name of the Public Trustee in accordance with the recommendation of the Advisory Committee.