HC Deb 27 July 1888 vol 329 cc675-6
MR. J. ROWLANDS (Finsbury, E.)

asked the First Lord of the Treasury, Whether, having regard to the fact that four Directors of the West London Permanent Building Society were also Directors of the West London Commercial Bank, and that the above Building Society drew £10,000 out of the bank a few days before the bank failed, the Government will institute an inquiry into the whole subject of this failure?

THE FIRST LORD (Mr. W. H. SMITH) (Strand, Westminster)

I have no information as to the statement made by the hon. Member in his Question; but, assuming the facts are correctly stated, it appears to me that it is for the Shareholders of the bank and the depositors in the West London Permanent Building Society to take such measures as they may be advised to protect their own interests.