§ 69. Mr. HUDSON
asked the President of the Board of Trade if a winding-up order was made by the Court on 30th July, 1915, nearly twelve months after war was declared, in the case of the Adnil Electric Company, Limited, the bulk of the capital being of German origin; whether this company was practically the English branch of the Bergmenn Company; and in what position the creditors of British, neutral, and enemy countries stand with regard to priority of claim on the assets?
The facts stated with regard to the Adnil Electric Company, Limited, are correct. As the liquidation is not being carried out under the Trading With the Enemy (Amendment) Act, 1916, but under the ordinary law, the claims of British, neutral, and enemy creditors rank equally against the assets, but any amount due to an enemy creditor will be paid to the Board of Trade.