ATTEMPT TO CHECK “SHARE PUSHERS”
BRITISH GOVERNMENT’S NEW BILL (British Official Wireless) RUGBY, November 22. Support by all parties in the House of Commons and approval by representative City of London opinion is given the Government’s Bill to check the activities of fraudulent “share pushers.” The Bill received an unopposed second reading in the House of Commons last night. The President of the Board of Trade (the Hon. Oliver Stanley) said he was astonished more by the intelligence of criminals than by the gullibility of their victims. About £5,000,000 a year was being lost as the result of these frauds. . . ' The fundamental provision of the Bill is a scheme for licensing dealers in securities, and the law on fraud is strengthened to make it no less criminal to deceive by intentional false promise or forecast than by false statement
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Southland Times, Issue 23674, 24 November 1938, Page 5
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139ATTEMPT TO CHECK “SHARE PUSHERS” Southland Times, Issue 23674, 24 November 1938, Page 5
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