HC Deb 18 May 1939 vol 347 c1610
46. Lieut.-Commander Fletcher

asked the Prime Minister what is the rule concerning the holding by Members of the Government of shares in undertakings the operations of which may be affected by Government policy?

The Prime Minister

There is no such rule.

Lieut.-Commander Fletcher

Is it not the case that if a Member of this House, who is a partner in a private firm which is contracting with the Government, votes on a matter affecting that contract, he is liable to a penalty; and, if that is so, what is the position of a member of the Government who is a director of a type of company which is controlling a public company which is contracting with the Government?

The Prime Minister

That appears to be a complicated question, and perhaps the hon. and gallant Member will put it down.

Mr. Gallacher

Is the Prime Minister aware that if such a Member sat on a local authority he would be liable to prosecution?