§ 33. Mr. Rhodesasked the President of the Board of Trade what proposals he now has for amending the Companies Act, 1948, to prevent exempt private companies from raising money by selling franchises for non-existent vending machines, in the light of the latest evidence submitted to him by the hon. Member for Newcastle-upon-Tyne, East, and other persons; and whether he will make a statement.
§ Mr. DarlingI would refer my hon. Friend to the Companies Bill introduced on 2nd February, which, among other things, would abolish the status of exempt private company.