HC Deb 01 December 1920 vol 135 cc1268-9W

asked the President of the Board of Trade what has been the total cost of the liquidation of the Deutsche Bank up to the present time; how many of the staff are still retained; and whether any efforts are being made to absorb the English staff, so that when the liquidation is completed they may not be thrown on the world?


The cost of winding up the business of the London Agency of the Deutsche Bank between the 15th July, 1918, the date of the appointment of the Official Receiver as Controller, and the 30th October, 1920, in respect of salaries, rent, rates, office and general expenses, but excluding the fees of the Official Receiver, amounts to £67,016 7s. 5d. Nineteen members of the staff of the bank are still being retained by the Official Receiver. Before terminating the services of any member of the English staff he has given ample notice that their services would not be required.