HC Deb 20 November 1958 vol 595 c194W
97. Mr. Lewis

asked the President of the Board of Trade whether he has now completed his consideration of the request made for an investigation into the financial affairs of the Mias Group of Companies, as provided for under the Companies Act; and what is the result of his consideration.

Sir D. Eccles

I am still considering the matter. Some depositors have complained to me of delays and failure to return their deposits at the due time. Unpaid creditors have a right under the Companies Act to petition the court for the winding up of the company and can probably best safeguard their own interests in this way. The provisions of the Act for a Board of Trade Investigation do not directly protect the interests of creditors. I am making further inquiries before deciding what we can most usefully do.