§ Mr. ROSBOTHAM
asked the President of the Board of Trade if he is aware that large sums of money have accumulated in the hands of trustees under deeds of assignment since the passing of the Bankruptcy Act, 1880; and will he take steps to amend the Deeds of Arrangement Acts to make it compulsory for trustees under deeds of assignment to pay in to the Board of Trade dividends and other undivided moneys remaining in their hands after the realisation of estates?
§ Mr. RUNCIMAN
I have no information which would lead me to suppose that large sums of money have accumulated in the hands of trustees under deeds of arrangement since 1880 or since the passing of the Deeds of Arrangement Act, 1887. With regard to the hon. Member's suggestion in the second part of the ques-220W tion, I would remind him that under Section 16 of the Deeds of Arrangement Act, 1914, at any time after the expiration of two years from the date of registration of a deed of arrangement, it is open to the trustee or a creditor or the debtor to apply to the court for an Order that all moneys representing unclaimed dividends and undistributed funds in the hands of the trustee or under his control shall be paid into court.