§ Mr. Pounderasked the Secretary of State for Industry, Trade and Regional Development, in view of the fact that the unrestricted use of non-voting shares for take-over purposes can result in the disenfranchisement of large numbers of shareholders, if he will now introduce legislation to abolish non-voting shares for Stock Exchange companies or to restrict their use in large-scale financial transactions.
§ Mr. HeathI am considering the position of non-voting shares and shall make a statement in due course.