§ Mr. Knoxasked the Secretary of State for Trade what is his present policy In connection with the issue of licences under the Prevention of Frauds (Investment) Act 1958 authorising invitations to the public to invest in schemes for the joint ownership of agricultural land.
§ Mr. Clinton DavisPermission to distribute circulars relating to agricultural land syndicates is restricted to schemes providing suitable protection for potential investors. Two main conditions under current policy are: (a) each syndicate may not comprise of more than 20 participants; and (b) the minimum investment for each syndicate member is £10,000.