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Amendment Of Section 157(1) Of Companies Act 1948

Volume 979: debated on Tuesday 26 February 1980

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'There shall be added to section 157(1) of the Companies Act 1948 the following:

"A public company shall also distribute to each of its employees the balance sheet and report described above.".'.—[Mr. John Smith.]

Brought up, and read the First time.

Motion made, and Question put, That the clause be read a Second time:—

The House divided: Ayes 151, Noes 201.

Wainwright, Richard (Colne Valley)Wilson, Rt Hon Sir Harold (Huyton)Young, David (Bolton East)
Walker, Rt Hon Harold (Doncaster)Winnick, David
Welsh, MichaelWoodall, AlecTELLERS FOR THE AYES
White, Frank R. (Bury & Radcliffe)Woolmer, KennethMr. James Hamilton and
Whitlock, WilliamMr. James Tinn.

NOES

Adley, RobertGorst, JohnMurphy, Christopher
Aitken, JonathanGow, IanMyles, David
Alexander, RichardGower, Sir RaymondNeedham, Richard
Ancram, MichaelGray, HamishNelson, Anthony
Arnold, TomGreenway, HarryNeubert, Michael
Aspinwall, JackGriffiths, Peter (Portsmouth N)Newton, Tony
Atkinson, David (B'mouth, East)Gummer, John SelwynNormanton, Tom
Baker, Nicholas (North Dorset)Hamilton, Hon Archie (Eps'm&Ew'll)Page, Rt Hon Sir R. Graham
Benyon, Thomas (Abingdon)Hamilton, Michael (Salisbury)Page, Richard (SW Hertfordshire)
Berry, Hon AnthonyHannam, JohnParkinson, Cecil
Best, KeithHaselhurst, AlanParris, Matthew
Bevan, David GilroyHavers, Rt Hon Sir MichaelPatten, Christopher (Bath)
Biggs-Davison, JohnHawkins, PaulPattie, Geoffrey
Blackburn, JohnHawksley, WarrenPorter, George
Blaker, PeterHeddle, JohnPowell, Rt Hon J. Enoch (S Down)
Body, RichardHicks, RobertPrice, David (Eastleigh)
Bonsor, Sir NicholasHill, JamesProctor, K. Harvey
Braine, Sir BernardHogg, Hon Douglas (Grantham)Renton, Tim
Bright, GrahamHolland, Philip (Carlton)Rhys Williams, Sir Brandon
Brinton, TimHooson, TomRidsdale, Julian
Brocklebank-Fowler, ChristopherHordern, PeterRifkind, Malcolm
Brooke, Hon PeterHowell, Rt Hon David (Guildford)Roberts, Michael (Cardiff NW)
Brotherton, MichaelHowell, Ralph (North Norfolk)Roberts, Wyn (Conway)
Brown, Michael (Brigg & Sc'thorpe)Hunt, David (Wirral)Rossi, Hugh
Bruce-Gardyne, JohnHunt, John (Ravensbourne)Sainsbury, Hon Timothy
Buchanan-Smith, Hon AlickHurd, Hon DouglasSt. John-Stevas, Rt Hon Norman
Buck, AntonyJessel, TobyShaw, Michael (Scarborough)
Budgen, NickJopling, Rt Hon MichaelShepherd, Colin (Hereford)
Bulmer, EsmondKaberry, Sir DonaldSilvester, Fred
Burden, F. A.Kellett-Bowman, Mrs ElaineSkeet, T. H. H.
Butler, Hon AdamKimball, MarcusSpeller, Tony
Cadbury, JocelynKing, Rt Hon TomSpicer, Jim (West Dorset)
Carlisle, John (Luton West)Knight, Mrs JillSpicer, Michael (S Worcestershire)
Chalker, Mrs LyndaKnox, DavidSproat, Iain
Channon, PaulLamont, NormanSquire, Robin
Churchill, W. S.Lang, IanStainton, Keith
Clark, Hon Alan (Plymouth, Sutton)Lawrence, IvanStanley, John
Clark, Sir William (Croydon South)Lawson, NigelStewart, Ian (Hitchin)
Clarke, Kenneth (Rushcliffe)Le Marchant, SpencerStewart, John (East Renfrewshire)
Cockeram, EricLennox-Boyd, Hon MarkStradling Thomas, J.
Costain, A. P.Lloyd, Peter (Fareham)Tebbit, Norman
Cranborne, ViscountLoveridge, JohnThomas, Rt Hon Peter (Hendon S)
Critchley, JulianLyell, NicholasThompson, Donald
Crouch, DavidMcCrindle, RobertThorne, Neil (Ilford South)
Dean, Paul (North Somerset)Macfarlane, NeilThornton, Malcolm
Dickens, GeoffreyMacGregor, JohnTownend, John (Bridlington)
Dorrell, StephenMacKay, John (Argyll)Trippier, David
Douglas-Hamilton, Lord JamesMcQuarrie, AlbertVaughan, Dr Gerard
Dover, DenshoreMates, MichaelWaddington, David
Dunn, Robert (Dartford)Mather, CarolWakeham, John
Eden, Rt Hon Sir JohnMawby, RayWalker, Rt Hon Peter (Worcester)
Eggar, TimothyMawhinney, Dr BrianWalker, Bill (Perth & E Perthshire)
Eyre, ReginaldMellor, DavidWalker-Smith, Rt Hon Sir Derek
Fairbairn, NicholasMeyer, Sir AnthonyWaller, Gary
Fairgrieve, RussellMiller, Hal (Bromsgrove & Redditch)Ward, John
Faith, Mrs SheilaMills, Iain (Meriden)Wells, Bowen (Hert'rd & Stev'nage)
Fenner, Mrs PeggyMills, Peter (West Devon)Wheeler, John
Finsberg, GeoffreyMiscampbell, NormanWickenden, Keith
Fisher, Sir NigelMitchell, David (Basingstoke)Wilkinson, John
Fletcher-Cooke, CharlesMoate, RogerWilliams, Delwyn (Montgomery)
Fowler, Rt Hon NormanMolyneaux, JamesWinterton, Nicholas
Fraser, Peter (South Angus)Montgomery, FergusWolfson, Mark
Fry, PeterMoore, JohnYoung, Sir George (Acton)
Gardner, Edward (South Fylde)Morgan, GeraintYounger, Rt Hon George
Garel-Jones, TristanMorris, Michael (Northampton, Sth)
Gilmour, Rt Hon Sir IanMorrison, Hon Charles (Devizes)TELLERS FOR THE NOES
Glyn, Dr AlanMorrison, Hon Peter (City of Chester)Mr. John Cope and
Goodhew, VictorMudd, DavidMr. Robert Boscawen
Goodlad, Alastair

Question accordingly negatived.