HC Deb 25 February 1937 vol 320 cc2209-10W
Sir P. Hurd

asked the President of the Board of Trade why the liquidation of the North and South Insurance Corporation, Limited, is so protracted, the order for compulsory winding-up having been made in December, 1933; and when a dividend is likely to be paid by the liquidator?

Dr. Burgin

The liquidation of an insurance company usually takes a considerable time owing to the difficulties incidental to the settlement of the large number of claims and the realisation of the assets. The case to which my hon. Friend refers has been no exception and there has been no undue delay in the matter. As regards the last part of the question, I am informed that a first and final dividend will be paid to the creditors in April or May next.