§ 81. Mr. LESLIEasked the President of the Board of Trade the present position of the estate of Gamages (West End), Limited; what sum has been paid to the ground landlord of the premises; and what sum has been available to the remainder of the creditors?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Dr. Burgin)The liquidation is practically completed. The Receiver for the debenture holder was unable to obtain a sufficient offer for the premises to enable him to discharge the claim of the first mortgagee, the ground landlord, which was for 2300,000 and interest, and by leave of the court abandoned the premises to him. The claims of the preferential creditors, to the amount of some £14,000, have been satisfied in full. The Receiver has not, however, been able to satisfy the claim of the debenture holder in full and therefore nothing has become available for the ordinary creditors.
§ Mr. LESLIEMay I ask whether the preferential creditors includes the staff, and whether the staff have received their salaries in full?
§ Dr. BURGINPerhaps the hon. Member will put that question down.