HC Deb 30 June 1931 vol 254 c1037
11. Lieut.-Colonel Sir A. LAMBERT WARD

asked the President of the Board of Trade whether any public companies have, as at 25th June, still failed to comply with the provisions of Section 110 of the Companies Act, 1929?

Mr. W. GRAHAM

The number of cases outstanding at the date named was 31.

Sir A. LAMBERT WARD

Does the right hon. Gentleman contemplate taking any action with regard to those companies which have not complied with the law?

Mr. GRAHAM

Yes, those cases are all with the solicitor now, but I ought to say that according to my information they are all unimportant.

13. Major HARVEY

asked the President of the Board of Trade whether, when amending the Companies Act, he will consider introducing a Clause to provide that an auditor's certificate should state whether the dividends proposed in respect of the accounts certified were payable out of trading profits earned during the period covered by the certificate, and that if any part of the dividend had been taken from reserves the certificate should state the sum?

Mr. W. GRAHAM

The hon. and gallant Member's proposal has been noted for investigation when the question of amending the Companies Act is under consideration.