§ 5. Sir CHARLES CAYZER
asked the President of the Board of Trade what steps the Solicitor to the Board of Trade proposes to take to see that the 235 companies, guilty of illegal conduct, under Section 110 of the Companies Act of 1929, as on 5th April last, are compelled to observe the law so that the public may be protected against loss?
Mr. RUNCI MAN
Letters are sent by the Solicitor to the companies in default, and, when the circumstances are such that legal proceedings are warranted, steps are taken to prosecute for non-compliance with the requirements of the Companies Act. I would add, however, that the great majority of the companies now in default are of no public importance.