HC Deb 06 December 1911 vol 32 c1406

asked whether, in insurance cases involving poor persons to whom the remedy of an action is not available, the Board of Trade can enforce equities, as certain directors of the London and Provincial Assurance Company, having run in Ireland an Irish provident assurance company, collected money from poor people, depreciated the value of the property entrusted to them, and then transferred it to themselves as directors of the London and Provincial Company; and whether the Board of Trade will require those English directors to perform their Irish contracts out of their corporate or personal property?


The Courts of Law alone have jurisdiction to enforce the performance of contracts, whether those contracts relate to insurance or to other matters, and the Board of Trade have no power to intervene on any question relating to a contract to which they were not parties.