§ Mr. RAWLINSONasked the President of the Board of Trade whether the shares of Siemens Brothers and Company, Ltd., which were vested in the Public Trustee under the Trading With the Enemy Act, have been sold, and if a company has been formed for the purpose of purchasing such shares; and what stipulations have been made to ensure the management of the business being kept in the -hands of British-born subjects and to ensure the business being continued in its entirety as an industry of national importance?
Sir A. STANLEYThe shares in Siemens Brothers and Company, Limited, 827W vested in the Public Trustee have been sold to British born subjects. No company has been formed for the purpose of purchasing the shares. One of the conditions of the sale is that the articles of association should be altered in such a manner as to ensure that the control of the company will in future be vested in British subjects and the Public Trustee received assurances as to the continuance of the business.