§ 11. Mr. A. M. SAMUEL
asked the President of the Board of Trade whether his attention has been drawn to the Report of the senior official receiver in the matter of the National Benefit Assurance Company; will he say what was the justification for allowing this trading company to be incorporated under the name of the National Benefit Trust and in what way it was national or a national benefit; and whether he will take power to refuse in future to permit the registration of limited companies with the word national in the title or description?
§ Viscount WOLMER
The answer to the first part of this question is in the affirmative. Under the provisions of the Companies Acts the Registrar has no power 1854 to refuse to register a company on the ground that the word "national" is included in its title, but the question whether legislation should be introduced to confer greater powers upon the Registrar will be noted for consideration. The Registrar reports that about 700 companies have been registered whose titles include the word "national"
§ Mr. SAMUEL
Will the Noble Lord take steps to have the matter put right, seeing that the word "nationa" is very often used as a catch to obtain money from the poor, and to defraud them?