§ 9. Mr. TINKERasked the President of the Board of Trade if his attention has been drawn to several recent cases where companies have gone into liquidation and a receiver appointed, where the charges have been heavy and the greater part of the assets have been taken in the costs of the proceedings; and will he give consideration to the amending of the Companies Act so as to avoid such excessive costs?
§ Mr. RUNCIMANMy attention has been drawn to only one case of the kind mentioned, and in this case the circumstances were somewhat exceptional. J would remind the hon. Member that the proceedings of a liquidator are controlled, and his remuneration normally fixed, by the Committee of Inspection nominated by the general body of creditors and contributories of the company in liquidation.
§ Mr. TINKERIf I send the right hon. Gentleman particulars of several cases which have come to my knowledge, will he go into them?
§ Mr. RUNCIMANI shall be very glad to go into any cases which the hon. Gentleman may send on to me.