HC Deb 19 March 1923 vol 161 cc2128-9W

asked the President of the Board of Trade when the firm of Messrs. Thomas Clifford, Son, and Cole, Limited, who went into voluntary liquidation in June, 1921, will pay a dividend to creditors?

Viscount WOLMER:

Thomas Clifford, Son, and Cole, Limited, is in compulsory liquidation under an order made by the court on the 26th April, 1921, and the senior Official Receiver in companies liquidation is the liquidator. The company had numerous branches in various parts of the country, and this caused delay in realising the assets. Notice of in- tension to declare a dividend to preferential creditors whose claims amount to over £3,500, appeared in the "London Gazette" of the 9th March. The last day for receiving proofs is the 24th March. As the assets will be insufficient to meet the claims of the preferential creditors, it will not be possible to pay a dividend to the ordinary creditors.