THE LONDON AND GENERAL BANK.

HC Deb 27 February 1893 vol 9 cc432-3

MR. A. MORTON (Peterborough)

I beg to ask the President of the Board of Trade whether he is aware that although the London and General Bank stopped payment in September last, and that there are plenty of assets, no dividend has yet been declared; and whether he will take steps to secure that no delay is caused to the settlement of the case by the proceedings of the Official Receiver?

THE PRESIDENT OF THE BOARD OF TRADE (Mr. MUNDELLA,) Sheffield, Brightside

No unnecessary delay has taken place in the winding-up of the London and General Bank. The statement of the Company's affairs, which is required by Statute to be furnished by the Directors and officers of the Company, was filed with the Official Receiver on 16th November last; a summary of the statement with a full Report by the Official Receiver upon the position and affairs of the Company, which were in a complicated condition, was thereafter issued to the creditors and contributories, and the statutory meetings were held on 25th January. Notice of intended dividend was gazetted during the present month. Further dividends will depend upon the produce of calls, and upon the results of the winding-up of other Companies on which the London and General Bank has large claims.