HC Deb 03 April 1905 vol 144 cc116-7

To ask the Chief Secretary to the Lord-Lieutenant of Ireland upon what date it was ordered that the Ballygawley (county Tyrone) Loan Fund should be wound up; what was the amount due by borrowers when the winding up order was made; the amount due at the present time; and if any balance-sheet has been issued to the debenture holders.

(Answered by Mr. Walter Long.) I am informed that, technically speaking, no order for the winding up of this loan fund has been made. But, in a consolidated suit at the instance of two debenture holders, the Chancery Division made an order, dated 22nd November, 1899, appointing a receiver over the fund. On 19th September, 1899, the amount due by the fund to debenture holders was £1,437 8s. 4d., and the amount due to the fund by borrowers was £1,282 2s. The receiver has since received £468 19s. 10d., out of which he has been allowed costs of the suits, commission, and other expenses. The net balance, amounting to £137 14s. 6d., has, by order of the Court dated 16th January, 1905, been paid over to the Loan Fund Board, who have retained it pending legal advice as to its disposal. The books of the fund are in the hands of the receiver, and the Board have no information as to the amount still due by borrowers save in so far as may be inferred from the figures already mentioned. The Board are not aware whether a balance-sheet has been or will be issued by the receiver to the debenture holders.