§ MR. WHITMORE (Chelsea)
I beg to ask the Chancellor of the Exchequer when the official liquidator of the Chelsea Savings Bank will make a further dividend to the depositors; and whether he can now lay upon the Table of the House a statement showing the cost and charges incurred in the liquidation and the assets available for distribution?
§ THE CHANCELLOR OF THE EXCHEQUER (Mr. GOSCHEN, St. George's, Hanover Square)
The declaration of a further dividend is delayed pending the result of communications with the trustees and managers as to their providing the sum of £420, amounting to a dividend of 1d. in the £1, without litigation, which would enable the liquidator, subject to the direction of the Court, to pay the depositors in full. Apart from claims on the trustees and managers, practically the whole estate available for distribution has been got in. The cost and charges will be finally settled by the Court at the conclusion of the winding-up, and when the liquidation is complete the Treasury will communicate with the official liquidator as to laying on the Table of the House a statement such as the hon. Member desires.