HC Deb 23 November 1916 vol 87 c1603W
Major HUNT

asked the Chancellor of the Exchequer whether he can state the amount of British claims against the Deutsche Bank, other than the London branch; if he is aware that a vesting order of the surplus assets of the Deutsche Bank, after satisfying the British creditors of the London branch, was made by the Court in May last, and that, owing to the delay of the controller of the bank in supplying particulars of securities to the Court, the vesting order cannot be proceeded with; and whether he is aware that this delay is occasioning loss to the British creditors concerned who want payment of their debts?

Mr. McKENNA

I am afraid I cannot without detailed inquiry answer the first part of the question. As regards the second part of the question, I presume the hon. Member refers to the vesting order made with respect to the securities of the London Agency of the Deutsche Bank by Mr. Justice Younger. He has been completely misinformed that that vesting order is not being proceeded with. The detailed schedules of the securities are being completed with all despatch, and as explained before, the sorting out and obtaining of information with respect to all the securities involves an immense amount of labour and correspondence. The first schedule is almost complete, and fills a volume of very considerable size.