§ MR. T. R. BUCHANAN (Aberdeenshire, E.)I beg to ask the President of the Board of Trade, whether he will state for what amount credit is taken for dividends on funds invested under Section 16 of the Companies (Winding-up) Act, 1890, as probable to be issued during the year ending 31st March, 1896; whether he will give instructions to the officers of the courts acting in the winding-up of Companies, when making returns to the Board of Trade under Section 29 of the Act, to give, in a supplementary return, the reasons why the amounts invested under Section 16 have not been distributed; and, whether he will cause copies of such Report, so far as regards each Company to be sent to the creditors of such Company?
§ THE PRESIDENT OF THE BOARD OF TRADE (Mr. J. BRYCE,) Aberdeen, S.The estimated receipts amount to £11,000, but this is subject to deduction of interest allowed to Companies under Section 18, which cannot at present be estimated. The reasons for any delay in the distribution of assets are furnished half-yearly to the Board of Trade by liquidators, and steps are taken, as far as possible, to prevent undue delay. 21 The liquidator also furnishes explanations with regard to the administration of the Company to creditors and contributories in his statement issued at the close of the liquidation, and the form of the statement requires him to intimate that "further information can be obtained at the office of the liquidator." No further Report appears to be necessary.