§ Mr. Berminghamasked the Chancellor of the Duchy of Lancaster if he intends to introduce legislation to restrict 710W the ability of companies not to make disclosure of liabilities through their accounts; and if he will make a statement.
§ Mr. MaudeMy Department is considering the issues raised by the practice of keeping assets and liabilities off a company's balance sheet with the Accounting Standards Committee and other bodies with a close interest in this topic. This will be taken into account in drafting changes to company law which will be made to implement the EC seventh company law directive.