§ Mr. BOWERMANasked the President of the Board of Trade if he can state whether legal proceedings in connection with the distribution of the assets of the Birkbeck Building Society and Bank are now at an end; and, if so, whether he can state when the Official Receiver is likely to authorise a further payment in the pound to the holders of current and deposit accounts with the bank?
§ The PRESIDENT of the BOARD of TRADE (Mr. Buxton)Notice of appeal from the recent decision of Mr. Justice Neville was given last Monday, and the Official Receiver will not therefore be able to make any further distribution of the assets of the Birkbeck Building Society until after the appeal has been heard.
§ Mr. BOWERMANMay I ask the right hon. Gentleman whether the Board of Trade or the Official Receiver has any power to restrain the wasting of the assets of this company in litigation?
§ Mr. BUXTONI must ask the hon. Member to give notice of that question.