HC Deb 06 February 1902 vol 102 cc535-6

I beg to ask Mr. Attorney General for Ireland whether the receiver appointed for the Belleek Loan Fund Society has been appointed on behalf of one debenture holder or of all the debenture holders; will he state how much money has the receiver collected up to this date; and when may the debenture holders expect to receive their shares of the money collected; and whether the Irish Government will direct the Loan Fund Board to give in their future reports full details of all proceedings under the Act of 1900.

THE ATTORNEY GENERAL FOR IRELAND (Mr. Atkinson, (Londonderry, N.)

The receiver in this case was appointed by the Court of Chancery at the suit of one creditor, and will be bound to account to the Court and apply the monies collected by him as the Court may direct, amongst the persons having claims upon them. I cannot reply to the second question, the payments of the debenture holders depending on the receiver's success in receiving the debts due. I am informed that it would be quite impossible for the Loan Fund Board to give full details of these proceedings, which are, to a certain extent, private litigations, but the receivers appointed in such cases submit to the Loan Fund Board periodically, summaries showing the result of the proceedings in collecting debts. Arrangements can, I think, be made to include these in the reports submitted to Parliament.