HC Deb 05 May 1964 vol 694 c151W
57. Mr. Oram

asked the Secretary of State for Industry, Trade and Regional Development why he will not legislate to ensure that companies do not spend money on political purposes until such expenditure has been authorised by their shareholders.

Mr. du Cann

Because I would expect that already, under the Companies Act, any significant expenditure of this kind would have to be shown in the company's accounts, and it would be open to shareholders to question it, should they so wish.