HC Deb 18 July 1889 vol 338 cc735-6
MR. WHITMORE (Chelsea)

I beg to ask Mr. Solicitor General whether his attention has been called to the action of the Liquidator of the West London Commercial Bank in instituting civil proceedings against the Directors of that Bank; and, whether there is any means of preventing the cost of such proceedings being borne by those who have already suffered heavily by the failure of the Bank?


The Solicitor General has communicated with the liquidator of the "West London Commercial Bank upon the subject referred to in the question of my hon. and learned Friend, and finds that a dividend of 14s. 6d. in the £1 has already been paid on the admitted claims, and that there is reason to believe that proceedings against the Directors will result in a further substantial payment being made to the creditors. Those proceedings were authorized by the Court, which was satisfied, upon evidence produced before it, that there was good ground for their institution, and that they would probably be of advantage to those whose interests my hon. and learned Friend desires to serve.