HC Deb 31 July 1890 vol 347 c1343
MR. HOWELL

I beg to ask the Chancellor of the Exchequer whether it is a fact, as has been stated, that the assets under the control of the Official Liquidator of the Chelsea Savings Bank are sufficient to pay all the depositors in full; and, if so, can he inform the House why the depositors have not been paid in full; whether it is true, as alleged, that the costs of the Solicitors, Messrs. Hare & Co., of the Official Liquidator, and of the Treasury Agents already amount to the sum of £3,000; and whether he will lay upon the Table of this House a statement of the costs and charges in connection with the winding up of the affairs of the Chelsea Savings Bank?

MR. GOSCHEN

No, Sir; the assets are not absolutely sufficient to pay all the depositors in full. But those who are not paid in full will receive 19s. 8d., when the Official Liquidator pays a further dividend of 4s. 8d., which he hopes shortly to be able to do. The costs and remuneration of the liquidator will bo settled, and the solicitors' charges will be taxed by the Court, in accordance with the usual scale, and together will probably exceed £3,000. But this is only an estimate. I will consider the question of laying a statement upon the Table, such as the hon. Member suggests.