HC Deb 10 July 1934 vol 292 cc160-1
12. Mr. JOHN WILMOT

asked the President of the Board of Trade what steps he proposes to take in view of the widespread demand' for amendment of the Companies Act, 1929, and particularly those Sections which relate to proxy voting, accounts and audit, and subsidiary companies?

Mr. RUNCIMAN

The questions to which the hon. Member refers have been noted for investigation when the amendment of the Companies Act is under consideration?

Mr. WILMOT

Has not the right hon. Gentleman received authoritative representations from the Association of British Chambers of Commerce containing the most complete evidence of the continuation, despite the Companies Act, of the most undesirable practices?

Mr. RUNCIMAN

The same reply is being made to the Associated Chambers as I have just made to my hon. Friend.

Mr. WILMOT

Will the right hon. Gentleman give an indication as to when he proposes to take in hand these urgent matters?

Mr. RUNCIMAN

Not at present.

Mr. GURNEY BRAITHWAITE

Will my right hon. Friend not adopt the sug- gestion of the hon. Member for East Fulham (Mr. Wilmot) with regard to proxy voting for the Trades Union Congress?