§ 58. Mr. EDMUND WOOD (for Sir R. GOWER)asked the President of the Board of Trade whether his attention has been called to an advertisement, inserted in a London newspaper by a firm of registered moneylenders, appealing to prospective borrowers to let such firm be their private bankers; and what proceedings he proposes to take, having regard to the provisions of the Moneylenders Act, 1911, which provides, inter alia, that any moneylender who issues any advertisement which might reasonably be held to imply that he carries on banking business shall be liable to penalties?
§ The ATTORNEY-GENERAL (Sir Douglas Hogg)I have been asked to reply. I have referred the advertisement in question to the Director of Public Prosecutions, who advises me that proceedings in respect of it, under Section 2 of the Moneylenders Act, 1911, would not be likely to succeed, and, therefore, it is not proposed to take any action in the matter.