§ MR. HOWELL (Bethnal Green, N.E.)I beg to ask the Chancellor of the Exchequer whether it is a fact that the trustees of the Cardiff Savings Bank have signified their willingness to pay the de- 186 positors of that bank in full; and, if so, whether he will inform the House as to the terms of the arrangement; and, if not true, whether lie can state what progress has been made in the liquidation of the affairs of the bank?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN, St. George's,) Hanover Square.No. The trustees of the Cardiff Savings Bank have not intimated their willingness to pay the depositors in full, although indefinite suggestions have been made to the Treasury with a view to a settlement. The liquidation is proceeding, and on the application of the Attorney General the hearing to determine important questions as to the extent of the liabilities of trustees and managers has been expedited, and will be heard in the Chancery Division next Tuesday, the 18th inst. If no settlement is come to, the liabilities of the trustees and managers will have to be enforced by further legal proceedings.