§ 77. Mr. BURNETTasked the President of the Board of Trade whether, in view of the report of the official receiver on the Williams and Henry prospectus, he will introduce legislation to amend the Companies Act, 1929, so as to make it an offence to invite public subscriptions to a company which does not disclose all its outstanding commitments in the prospectus inviting subscriptions or to deal in the shares of such a company?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Dr. Burgin)I assume that my hon. Friend is referring to the prospectus of James and Shakspeare, Limited. I have noted my hon. Friend's suggestion.