HC Deb 01 August 1956 vol 557 cc169-70W
Mr. Elliot

asked the Chancellor of the Exchequer if he will now take steps to bring within the purview of the Capital Issues Committee issues of securities made in consideration of the transfer of property.

Sir E. Boyle

An Order has been made today making it unlawful for a company in Great Britain without the consent of the Treasury to issue securities in consideration of the transfer of any property except where the property consists either of the assets of an undertaking being sold to the company or of the securities of another company. The Order will come into operation tomorrow. Copies of it are available in the Vote Office today.