HC Deb 30 January 1996 vol 270 c681W
Mr. Wigley

To ask the President of the Board of Trade if he will amend the Industrial and Provident Societies Acts to increase the limit on shareholding to £50,000 to facilitate higher levels of capital formation. [9948]

Mrs. Angela Knight

I have been asked to reply.

The shareholding limit for industrial and provident societies was doubled to £20,000 in 1994. Since then, there has been little demand from the movement for a further increase and the Government have no current plans to review the existing level.

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