HC Deb 26 July 1904 vol 138 cc1214-5

I beg to ask the Chief Secretary to the Lord-Lieutenant of Ireland whether he is aware that, in consequence of the failure of the auditor of the Loan Fund Board in Ireland to require debentures to be compared with entries in the books of the Edgeworthstown Loan Fund Society, a number of people have lost their life's savings by reason of the issue to them of bogus debentures by the late secretary to that society; and what steps he intends taking to afford relief to these people.


The losses sustained by the persons referred to are not due to the reason alleged in the Question. They lodged their money with an official of the society who was not authorised to receive it, and who not only failed to notify the lodgments to his committee, but failed to record the receipts in the books of the † See (4) Debates, cxxx., 842. society. Obviously, a comparison of properly issued debentures with the books of the society would not have enabled the auditor to trace the fraudulent conduct of this official. No responsibility in the matter attaches to the Loan Fund Board, and the Government is not celled upon to take action in the direction suggested.