§ 52. Mr. Bellenger
asked the Financial Secretary to the Treasury whether his attention has been called to the decision given by the Marlborough Street magistrate in the case of the English and Scottish Co-operative Property Mortgage and Investment Society, Limited, resulting in this society being convicted of rendering an inaccurate return to the Registrar of Friendly Societies; and whether it is proposed to institute proceedings in the case of other property societies who have disclosed similar transactions in their published accounts?
§ Captain Wallace
The answer to the first part of the question is in the affirmative. As I understand that the society has made a formal request to the magistrate to state a case for the opinion of the High Court the matter is still sub judice and no statement can at present be made in reply to the last part of the question.