I have further considered the question of nominee shareholders in consultation with my right hon. Friend the Home Secretary. As indicated in my reply of 28th April to my hon. and gallant Friend, there already exist full powers under the Defence Regulations to compel disclosure to certain Departments of the beneficial ownership of shares held by nominees, where it is considered necessary or expedient to obtain the information in the interests of the public safety, the defence of the realm or the efficient prosecution of the war. It is also within the discretion of the Ministers concerned to publish the information thus obtained. To make any more general provision, such as the prohibition of nominee share- holdings, would require amendment of the Companies Act, for which Parliamentary time is not available in present circumstances.
Will my right hon. Friend look at his own files, specially those relating to Debates that have taken place in this House, and he will find plenty of evidence that will be of considerable assistance to him?