§ MR. MACVEAGHI beg to ask the Chief Secretary to the Lord-Lieutenant of Ireland whether he can state the present condition of the loan fund societies of Belleek and Fintona, including in each case the amount in hand, the amount outstanding, and the cost of collection; whether he can state why no reports on the subject have been furnished to the debenture holders living at a distance; and whether, in view of the hardships inflicted on those concerned, he will see that steps are taken to expedite a settlement.
§ MR. WYNDHAMThe Loan Fund Board has no knowledge of the present financial position of the Belleek loan fund. The Receiver over the affairs of that society was appointed by the Court of Chancery. In the case of the Fintona loan fund the Receiver was appointed by the Board in 1900. The amount then outstanding was £2,129. £961 has since been collected, leaving £1,168 still outstanding. The Receiver's remuneration is 10 per cent. upon the sums collected. A dividend of 5s. in the £ has been paid to debenture holders, and a further dividend will shortly be paid. It is not the practice of the Board to supply debenture holders with the reports of the Receivers. Expedition in the completion of the collection of the outstanding debts due to this and other societies would be largely promoted by the passage of the Bill to which I have already referred.