Oral Answers to Questions — Share-Pushing (Departmental Committee).

– in the House of Commons on 26th November 1936.

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Photo of Mr William Craven-Ellis Mr William Craven-Ellis , Southampton

asked the President of the Board of Trade whether he can now state the constitution and terms of reference of the Departmental Committee which is to consider the question of fraudulent share-pushing?

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

The Departmental Committee s terms of reference will be: To consider the operations commonly known as share-pushing and share-hawking and similar activities and to report what, if any, action is desirable. I am glad to say that Sir Archibald Bodkin, formerly Director of Public Prosecutions, has accepted my invitation to be Chairman of the Committee. With my hon. Friend's permission, I will circulate a list of members of the Committee in the OFFICIAL REPORT.

Photo of Mr William Craven-Ellis Mr William Craven-Ellis , Southampton

Can the right hon. Gentleman assure the House that companies registered under the Industrial and Provident Societies Acts will come under the review of this committee?

Photo of Mr Walter Runciman Mr Walter Runciman , St Ives

I think the terms of reference are wide enough for a solution of the problems by which we are at present faced.

Following is the list:

Sir Archibald Bodkin, K.C.B., late Director of Public Prosecutions (Chairman).

Mr. Lionel Cohen, K.C.

Mr. Charles L. Dalziel, partner of the firm of Messrs. Higginson and Company.

Sir Malcolm N. Hogg, Deputy-Chairman of the Westminster Bank, Limited.

Mr. J. McEwan, President of the Council of Associated Stock Exchanges.

Mr. E. T. A. Phillips, M.B.E., Senior Official Receiver, Companies (Winding-up) Department, Board of Trade.

Mr. C. G. Vickers, V.C., partner of the firm of Messrs. Slaughter and May.

Mr. R. P. Wilkinson, Deputy-Chairman of the Committee of the London Stock Exchange.