HC Deb 15 February 1938 vol 331 cc1692-3
14. Mr. Bellenger

asked the President of the Board of Trade whether he has considered the applications from more than 3,000 shareholders of Gaumont British Picture Corporation, Limited, representing upwards of 1,000,000 shares, asking for an investigation into the-affairs of the company; and what action he proposes to take?

Mr. Stanley

An application has been received from certain shareholders of the Gaumont British Picture Corporation, Limited, for the appointment of an inspector to investigate the affairs of the company under Section 135 of the Companies Act, 1929, and the matter is under consideration.

Mr. Bellenger

Has the right hon. Gentleman received applications from the statutory 10 per cent.?

Mr. Stanley

Yes, Sir. This is the statutory application to which I referred.

Mr. T. Williams

Can the right hon. Gentleman give any reason why at the time of the annual meeting they had only 75,000 shareholders, and now they have over 1,000,000?

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