§ Sir W. Smithers
asked the Minister of Supply whether he is aware that companies, whose chairman's statement to shareholders does not form part of the annual report and accounts, the size of which with envelope or wrapper may not exceed a superficial area of 120 square inches, are sending to shareholders after the annual meeting a report of the chairman's speech and other speeches then delivered; what limit is applied to the size of the paper including envelope or wrapper which may thus be used; and whether he will take steps to put an end to this use of paper?1258W
§ Mr. Peat
The Control of Paper (No. 59) Order limits the permitted size of the circular required by the Companies Acts to be sent to all shareholders before the general meeting. I doubt whether it would be feasible to apply a similar precise restriction to any further circular that a particular company may find it necessary to send out after the meeting, but I will look further into the possibility. I hope that those responsible will restrict any such use of paper to the minimum.