Welsh Companies (Register)

HC Deb 28 June 1956 vol 555 c686

38. Mr. Gower

asked the President of the Board of Trade if he will set up a Welsh companies register at Cardiff.

Mr. P. Thorneycroft

No, Sir. I am not aware of any demand or need for such a step.

Mr. Gower

Is my right hon. Friend aware of apprehension that companies which have their chief undertakings in London and the Midlands but which also operate in Wales, may be the first victim of any economic and trade difficulties? Is he aware of the views expressed that a Welsh companies' register in Cardiff would encourage firms to have their chief undertakings and offices in Wales?

Mr. Thorneycroft

Most Welsh companies have their shareholders widely spread throughout the United Kingdom, and I do not think any useful purpose would be served by having a special register in Cardiff.