§ Sir R. THOMASasked the President of the Board of Trade whether he is aware that in 45 cases exemptions were granted in 1919 from the provisions of Section 2 (2) of the Companies (Particulars as to Directors) Act, 1917; whether any and, if so, how many were granted in 1920; and what were the classes of cases in which these exemptions were made and the reasons therefor?
§ Sir W. MITCHELL-THOMSONThe answer to the first part of the question is in the affirmative. During the year 1920, 207 applications were received and exemption was granted in 82 cases falling within the three following classes, all the directors being British-born subjects:
- (1) Companies the names of which substantially disclosed the names of the directors;
- (2) Companies having a large issued capital the names of which described the nature of the business carried on by the company;
- (3) Companies not carried on for profit.