HC Deb 23 July 1976 vol 915 c643W
Mr. Arthur Lewis

asked the Secretary of State for Trade whether in view of the prima facie evidence submitted to him by the hon. Member for Newham, North-West, he will cause an investigation to be made into the case affecting one of the leading banks.

Mr. Clinton Davis

No. The information submitted does not come within the grounds under which the Department would be justified in exercising its investigatory powers under Section 165 of the Companies Act 1948 or Section 109 of the Companies Act 1967.

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