HC Deb 06 December 1976 vol 922 c33W
Mr. Skinner

asked the Secretary of State for Trade, what action his Department is taking under the Companies Act in respect of the Stock Exchange inquiry into Sir Hugh Fraser's Scottish and Universal Investment Trust.

Mr. Teddy Taylor

asked the Secretary of State for Trade if he will take action under the Companies Act following the Stock Exchange statement on Scottish and Universal Investments Limited; and if he will make a statement.

Mr. Canavan

asked the Secretary of State for Trade what action he proposes to take under the Companies Acts following the publication of the Stock Exchange report revealing, inter alia, that there is prima facie evidence of a breach of the law in certain dealings involving Sir Hugh Fraser's company, Scottish and Universal Investments.

Mr. Clinton Davis

I am considering the Stock Exchange report together with other information available to my Department. The company is registered in Edinburgh, and accordingly I am also consulting my right hon. and learned Friend the Lord Advocate.

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