In view of the prompt measures taken in the City to minimise the effects of the recent commodity speculations, I do not think it would be correct to ascribe to these operations the movements of securities to which I presume the hon. Member refers. As to what further action, if any, should be taken, I understand the position to be that a petition has already been made to the Court for the compulsory winding-up of James and Shakespeare Limited, the company which was specially associated with the recent transactions. The petition is to be heard within a few days, and on its being granted the Official Receiver will be required, in the discharge of the duties specifically laid upon him by Section 182 of the Companies Act, 1929, to make full enquiry into the causes of the failure, and to report to the Court whether in his opinion further inquiry is desirable into the circumstances attending the promotion of the company and the conduct of its business. The section further provides that the Official Receiver may also, if he thinks fit, make a further report as to whether in his opinion any fraud has been committed by any person in the promotion or formation of the company, or by any director or other officer of the company in relation to the company since the formation thereof, and on any other matters which in his opinion it is desirable to bring to the notice of the Court. The House will, therefore, see that the existing law makes suitable provision for judical inquiry into the circumstances attending this class of case; and His Majesty's Government propose to await the result of the statutory inquiry or inquiries before considering the matter further.