HC Deb 11 December 1968 vol 775 cc416-7
41. Mr. Henig

asked the President of the Board of Trade whether he will make an official investigation into the continued delay in completing the liquidation of the Preston and Blackburn Building Society.

Mr. Dell

The progress of the liquidation is kept under review by the Board of Trade. I am satisfied that the liquidator is doing all he can to bring this difficult and complicated liquidation to a conclusion.

Mr. Henig

Is my hon. Friend aware that a constituent of mine has now waited for more than eight years to get back anything at all of his investment in the society? Is he further aware that six years after his appointment the liquidator admitted that he still did not know the total amount of claims outstanding? Is not this far too long a period, is it not a most disturbing state of affairs, and will he take a fresh look at the case?

Mr. Dell

I know the trouble which my hon. Friend's constituent has had, and I very much sympathise with his position. I am convinced that the liquidator is making all the progress he possibly can in the extremely difficult circumstances of this case, and I am prepared to write to my hon. Friend bringing him up to date on the facts.