HC Deb 05 February 1908 vol 183 cc845-6

To ask the Chief Secretary to the Lord-Lieutenant of Ireland whether the receivers of the Bundoran and Trillick Loan Funds contemplate making any payment to the debenture holders at an early date; and will he suggest to the Loan Fund Board the advisability of issuing some statement to the debenture holders of these and other loan fuuds as to their prospects of getting repaid their money.

(Answered by Mr. Birrell.) I am informed by the Loan Fund Board that in the case of the Trillick Loan Fund Society the payment to the debenture holders of a dividend of 6s. in the pound was completed last month. The receiver over the Bundoran Loan Fund Society has no funds in hand with which to pay a dividend. The difficulties of collection in that district have been great. The Loan Fund Board do not consider it possible to issue any such statement as is suggested in the latter part of the Question. They cannot anticipate what the results may be of the execution of the warrants granted and outstanding.