§ 2. Mr. BAKERasked the President of the Board of Trade whether he will consider the introduction of legislation to 1102 make a company formed to take over another company publish in the articles of association an auditor's statement of the value of the assets taken over and the paid-up capital of the old company?
Mr. WEBBThe question of requiring publication of the particulars to which the hon. Member refers has been noted for consideration when the next revision of the Companies Acts is undertaken.
§ Mr. A. M. SAMUELDoes not the right hon. Gentleman think that there ought to be an investigation into the working of the Company Acts in view of the revelations of capital lost in certain companies recently under protection of limited liability, and is it not time that we should do something to amend the Company Acts so as to protect the shareholders as well as creditors?
§ Mr. SAMUELWill the right hon. Gentleman consider appointing a Departmental Committee?