§ Mr. Lee
asked the Secretary of State for Trade if he is satisfied with the operation of Section 31 of the Companies Act regarding the name style of foreign companies operating in the United Kingdom.
§ Mr. Meacher
The conventional measure of a country's share of trade in manufactured goods is in terms of its value share in exports of manufactures by the main manufacturing countries (MMCs). The following table is on this basis. Reliable information is not available prior to 1955. Precise information on shares in world exports would be costly to assemble, but over the period 1971 to 1975 the MMCs accounted for around three-quarters of world exports of manufactured goods.
into force on 18th April 1977, the Registrar of Companies has served notices on 79 overseas companies carrying on business in this country under a name he considered undesirable. Forty-nine of these companies were using the word "bank" in their names most of the remainder had names thought to be over-similar to those of other companies 479W already registered here. Apart from a few cases which are being pursued, the companies receiving notices have either ceased operations in this country or have adopted, or are in the process of adopting, names acceptable to the Department.