§ 17. Mr. Bellenger
asked the President of the Board of Trade whether he is prepared to amend the Companies Act, 1948, to prohibit anonymous shareholdings by nominee companies.
§ Mr. P. Thorneycroft
I see no sufficient grounds for proposing such an amendment at the present time.
§ Mr. Bellenger
Is it not anomalous that public money has to be spent to find out who are the stockholders in certain companies? Is there not a danger to the public interest from the inflationary effect caused by anonymous speculators?
§ Mr. Thorneycroft
This matter was fully debated in Parliament when the Act was introduced as a Bill by the previous Government.