HC Deb 15 May 1934 vol 289 cc1622-3
59. Lieut.-Colonel SANDEMAN ALLEN

asked the Home Secretary whether, as a part of the Government's policy to regulate gambling, he will make suitable provision in the Betting and Lotteries Bill to bring under its Clauses the operations of those stock exchange firms who act for clients speculating for the rise and fall as distinguished from those firms and clients who buy and sell securities in relation to investment?


I would refer my hon. and gallant Friend to the reply which was given yesterday to the hon. Member for the Scotland Division of Liverpool (Mr. Logan).


Has my right hon. Friend considered, in the public interest, of course, limiting the number of days on which transactions of this kind should take place to 104 per annum, and the profits of the brokers or working expenses to 3 per cent.?


Is it not impossible for a broker to discover what his client's intentions were when he gave an order?