§ 4. Mr. Talbotasked the President of the Board of Trade what instructions he has issued to his Department in regard to the prosecution of technical offences under the Companies Acts.
§ Mr. D. PriceMy right hon. Friend does not accept "technical" as a proper description of any of the offences under the Companies Act which lead to prosecutions. Except where fraud or misfeasance is in question and damage has been caused, the Board of Trade do not ordinarily proceed to prosecution unless requests to the company to comply with the Act have been made and have failed.