§ 56. Mr. Higgsasked the Chancellor of the Exchequer whether he is aware that many companies are making munitions, or other war-time necessities, which are not authorised by their Memoranda of Association; and will he introduce legislation to rectify this position forthwith?
§ The Chancellor of the Exchequer (Sir Kingsley Wood)I am aware that difficulties may be felt on this score. If any company feels in doubt it should approach the Government Department concerned with its production. Powers exist to deal with the situation under the Defence Regulations, and there appears to be no need for further legislation.
§ Mr. HiggsIs the Minister aware that if there is a difference, and a contract can not be enforced, the directors may be held personally responsible?
§ Sir K. WoodNo, Sir. I am not aware of that. I doubt if it is so, but if my hon. Friend will approach the Department concerned, I think he will find that help will be given to him in that connection.
§ Mr. GallacherIf they carried on the business without profit would not that relieve them of any responsibility?