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Prevention Of Fraud (Investments) Bill

Volume 345: debated on Thursday 30 March 1939

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asked the President of the Board of Trade whether his attention has been called to the publication of a brochure on property investment by a firm of estate agents in London offering a net return to investors of 12½per cent. with complete security and a return of the invested capital in full if and when requested; and whether he is satisfied that solicitations of this kind are caught by Clauses 12 and 13 of the Prevention of Fraud (Investments) Bill?

My attention has been called to the publication referred to by the right hon. Gentleman. I am advised that circulars of this kind would be covered by Clauses 12 and 13 of the Prevention of Fraud (Investments) Bill when it becomes law.