Welsh Companies (Register)

Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 28th June 1956.

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Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

No, Sir. I am not aware of any demand or need for such a step.

Photo of Sir Raymond Gower Sir Raymond Gower , Barry

Is my right hon. Friend aware of apprehension that companies which have their chief undertakings in London and the Midlands but which also operate in Wales, may be the first victim of any economic and trade difficulties? Is he aware of the views expressed that a Welsh companies' register in Cardiff would encourage firms to have their chief undertakings and offices in Wales?

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

Most Welsh companies have their shareholders widely spread throughout the United Kingdom, and I do not think any useful purpose would be served by having a special register in Cardiff.