HC Deb 20 November 1911 vol 31 cc1001-2W
Mr. EDGAR JONES

asked the Attorney-General what steps he proposes to take on behalf of the depositors of the Birkbeck Bank in view of the recent decisions in the Law Courts?

Sir RUFUS ISAACS

I am informed by the senior Official Receiver that he and the liquidator of the Birkbeck Permanent Building Society and the Birkbeck Bank obtained a representation order under which all classes of creditors were represented by separate council and solicitors, and the arguments on behalf of each class, including the depositors, were placed before the Court. It is open to any of the parties in the representation order to appeal, but no appeal has so far been lodged, and there is every reason to believe that if the proceedings now terminate the depositors will only receive 6d. in the £1 less than they would have received had the decision been in their favour. In these circumstances, it is probable that those representing the depositors will not wish to proceed further. I do not propose to take any steps in the matter.