Oral Answers to Questions — Auditors (Friendly Societies Acts).

– in the House of Commons on 9th March 1922.

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Photo of Sir John Norton-Griffiths Sir John Norton-Griffiths , Wandsworth Central

47.

asked the Chancellor of the Exchequer whether, in view of a Treasury Minute of 1920 restricting the appointments of public auditors under the Industrial and Friendly Societies Acts, 1893 and 1896, to members of the Institute of Chartered Accountants and of the Society of Incorporated Accountants, he will consider the desirability of withdrawing such restrictions, having regard to the existence of other associations of accountants of efficiency and repute?

Mr. YOUNG:

In making the rule in question the Treasury followed the precedent set by Parliament in recent legislation, and it would not be in the public interest to alter the present practice.

Photo of Sir John Norton-Griffiths Sir John Norton-Griffiths , Wandsworth Central

Is the right hon. Gentleman aware that the London Association of Accountants are a very responsible body, and, in view of that fact, will he not reconsider the matter?

Mr. YOUNG:

I am well aware of the status of the body referred to, but, in view of the precedents in legislation and the recommendations of the Committee of this House, I think that the conclusion to which my right hon. Friend has come should stand.