§ 77. Mr. T. Johnstonasked the President of the Board of Trade whether he is now in a position to indicate what steps, if any, he can take pending the passage of anti-share-pushing legislation to warn potential investors of the dangers they are running in investing moneys through companies or individuals who are peddling ownership in units of land for the growing of mushrooms or soya beans with high rates of interest offered upon the investments?
§ Captain WallaceAs the right hon. Gentleman was informed, in reply to his previous questions, invitations to the public of the type to which he refers are being considered in connection with the proposals for legislation on share-pushing and similar activities. In the meantime, 1696 I should like to repeat and emphasise the warning given last Tuesday by the President of the Board of Trade, that in his view anybody who invests money in these concerns is taking a very great risk; and I am grateful to the right hon. Gentleman for this opportunity to do so.
§ Mr. JohnstonWould the right hon. and gallant Gentleman mind answering my question? I asked the President of the Board of Trade on the previous occasion whether he or some other prominent Member of the Government would take steps over the radio to warn, not this House, but potential investors in every part of the country, so that they may be safeguarded pending the introduction of the Government's legislation?
§ Captain WallacePerhaps it is not too much to hope that the right hon. Gentleman's question to-day, and particularly his supplementary question, may have the necessary effect.