HC Deb 06 July 1899 vol 74 c22
MR. FLYNN

I beg to ask the President of the Board of Trade, in reference to the winding-up of the Austral Cycle Agency (Limited), whether he is aware that no annual meetings of the company have ever been held, and no statements of the accounts of the company placed before the shareholders, and no account given by the directors of the way in which the capital of the company (£100,000) has been used; have any steps been taken to compel these returns; and whether he can say if this is one of the companies promoted by Mr. E. T. Hooley.

MR. RITCHIE

No, Sir, I am unable to give information as to the first and third paragraphs of this question. The Board have no power to compel the company to make such returns, this being, as I have already informed the hon. Member, a voluntary liquidation, and therefore not subject to the supervision of the Board of Trade.

MR. FLYNN

Has the Board of Trade no power in reference to cases of this kind?

MR. RITCHIE

Not where the winding-up is voluntary.