§ 5. Mr. REMERasked the President of the Board of Trade whether he will consider introducing legislation to prevent a company registered under the Companies Act, all the directors and shareholders of which are of foreign origin, from using 1865 the word British as the first word of its title; and whether, in the interests of British trade, he will introduce legislation to the effect that any company registered under the Companies Act in the title of which the word British appears must make provision in its memorandum or articles of association that at least 51 per cent. of the capital shall remain in the possession of British subjects?
Mr. WEBBThe suggestions made by the hon. Member will receive consideration when the next revision of the Companies Acts is undertaken.