§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry whether he will take steps to require the supervisory bodies seeking recognition under the Companies Act 1989 to inform their members and the public of the voting of(a) their councils and (b) their major committees.
§ Mr. RedwoodI refer the hon. Gentleman to the reply I gave him on 2 April 1990,Official Report, column 399.
§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry whether he has any plans to investigate and identify the companies which operate off-balance-sheet financing schemes in their financial statements.
§ Mr. RedwoodNo. The Companies Act 1989 has extended the definition of a subsidiary undertaking, which will bring on to the balance sheet a number of schemes which would previously have been off-balance sheet. The issue of off-balance sheet financing is also being addressed by the profession.