Early day motion tabled by primary sponsor Gordon Prentice (Labour), on Thursday, 12 January 1995, in the House of Commons. It is signed by 37 members in total.

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CONDUCT OF LORD ARCHER OF WESTON-SUPER-MARE IN RESPECT OF SHARE DEALING

That this House recalls that on 13th January 1994, Lord Archer purchased the first of two tranches of Anglia TV shares and notes his statement in July 1994 that it was completely untrue that he bought shares and that such an accusation was libellous; notes that he subsequently confessed that he had made a grave error in buying shares and his later statement that the Department of Trade and Industry report completely exonerated him; condemns his unwillingness to reply to letters about these issues from the honourable Member for Pendle; calls on the noble Lord to explain why he bought shares on behalf of Mr Broosk Saib, why he was confident the share price would rise, why he asked for the transaction to be done on new account dealing terms, whether the shares were to be held as a long-term investment and, if so, whether the noble Lord or Mr Saib would pay the ??240,000 for the shares on settlement day; and calls on the noble Lord to follow the injunction of the Chairman of the Conservative Party who said in September that it would be better for the noble Lord to speak out rather than not.

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Secondary information

Type

Early day motion

Reference

374 

Session

1994-95

Subjects

Shareholders Archer of Weston-super-Mare, Lord Anglia Television

Link

View this Early day motion on www.parliament.uk