HC Deb 20 May 1965 vol 712 cc278-9W
Mr. Pounder

asked the President of the Board of Trade, in view of the fact that the unrestricted use of non-voting shares for take-over purposes can result in the disfranchisement 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. Darling

No. While I am aware of the arguments for some restriction on future issues of non-voting shares, I am not convinced that the abolition of such shares, where they already exist, is practicable or desirable.