HC Deb 14 July 1955 vol 543 c201W
Mr. Shepherd

asked the President of the Board of Trade when the administrators of Roumanian, Hungarian and Bulgarian property propose to pay a dividend to claimants in the distribution of Roumanian, Hungarian and Bulgarian assets.

Mr. P. Thorneycroft

The Administrator of Roumanian Property will start the payment later this month of an interim dividend of 5s. in the £ to applicants whose claims are established in the distribution of Roumanian property. This dividend will use up the major portion of the assets available but the Administrator hopes to pay a second and final dividend in 1956.

The Administrator of Hungarian Property and the Administrator of Bulgarian Property have received an unexpectedly large number of applications, the examination of which cannot be completed for some months. The large number of claims and the small amount of property available in either case for distribution do not justify the payment of anything but a first and final dividend. The Administrators hope to start payment of this at the end of the year but it would be misleading the House to suggest that either the Hungarian or the Bulgarian dividend is likely to be more than a very few pence in the £.