§ Mr. Arthur Lewis
asked the Minister for Trade if he will ensure that before granting or renewing dealing licences his Department investigates fully the possibility Of Her Majesty's Government needing to petition for liquidation of the company involved in the future; if he is satisfied that the licence of Langford Scott and Partners of Chiswick was properly renewed; and if he will make a statement.
§ Dr. Vaughan
If there was evidence that a petition to wind up a company was justified it is most improbable that that company would be given a licence to deal in securities. When the licence to Langford Scott and Partners was renewed in November 1982 my Department did not have such evidence. It came to light subsequently.