§ Mr. PENNEFATHERasked the President of the Board of Trade whether the firm of Holzapfels, Limited, of Newcastle-on-Tyne, have now any direct or indirect connection with or interests in concerns in the same line of business in New York, Odessa, Hamburg, Yokohama, Bergen, and Genoa?
§ Mr. WARDLEI am informed that Holzapfels, Limited, hold shares in companies carrying on similar businesses at the places mentioned by my hon. Friend, except that the Japanese company is at Kobe instead of Yokohama.
§ Mr. PENNEFATHERasked the President of the Board of Trade whether the relatives in this country to whom Mr. Max Holzapfel and Mr. A. C. A. Holzapfel transferred shares in Holzapfel, Limited, gave any consideration for such transfer; if so, whether it was a cash consideration; if so, was this money sent out of this country; and, if not, will he say where it now is?
§ Mr. WARDLEI am informed that no shares in Holzapfels, Limited, have been transferred by Mr. Max Holzapfel to his relatives, and that the shares transferred by Mr. A. C. A. Holzapfel to his children and son-in-law were transferred without consideration.
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§ Mr. PENNEFATHERasked the President of the Board of Trade whether any of the shares formerly the property of Mr. Max Holzapfel and Mr. A. C. A. Holzapfel which have been sold were sold for cash; and, if so, can he state what has become of that cash?
§ Mr. WARDLEI am informed that 89,856 shares formerly belonging to Mr. Max Holzapfel have been sold for cash and the proceeds invested in National War Bonds which are held in this country, and that the company is unable to say what has been done with the proceeds of 3,840 shares formerly belonging to Mr. A. C. A. Holzapfel which have been sold for cash.