HC Deb 28 July 1947 vol 441 cc200-1
Mr. Belcher

I beg to move, in page 31, line 5, at end, to insert: Provided that the register need not include shares in any body corporate which is the wholly-owned subsidiary of another body corporate, and for this purpose a body corporate shall be deemed to be the wholly-owned subsidiary of another if it has no members but that other and that other's wholly-owned subsidiaries and its or their nominees. We have had representations from various bodies that it would cause a good deal of unnecessary work to include in the Register of Share Dealings, shares held ex hypothesi, that is, the only share held as a nomination share.

Amendment agreed to.

Sir S. Cripps

I beg to move, in page 31, line 14, to leave out from beginning, to "any," in line 15, and to insert: The nature and extent of a director's interest or right in or over. This and the following Amendment really go together. In the Committee stage, the hon. Member for South Hendon (Sir H. Lucas-Tooth) said that the Clause as it stood covered only the case where a director was concerned only in a fiduciary capacity, and it was agreed that there were many cases where he might be concerned in that capacity and in other capacities also. As amended, the Clause will deal with the point raised.

Amendment agreed to.

Further Amendment made In page 31, line 16, leave out "that fact."—[Sir S. Cripps.]