HC Deb 04 December 1967 vol 755 c227W
86. Sir H. Lucas-Tooth

asked the President of the Board of Trade how the sums paid into the unclaimed dividends account of the Board of Trade are dealt with; and, in particular, whether any interest is credited to the account, or who has the use of the money paid in.

Mrs. Gwyneth Dunwoody

Unclaimed Dividends in bankruptcies and compulsory liquidations are retained in two statutory accounts until valid claims are made to them. No interest is credited while dividends are unclaimed. Surplus funds in the accounts are invested and the income goes towards the cost of insolvency administration.