§ Mr. Barnett
asked the President of the Board of Trade what action he has taken arising from his inspection of accounts submitted to his department by Davies Investments Limited under Section 5(1) of the Protection of Depositors Act 1963.
§ Mr. Jay
The Board of Trade has used its powers under Section 18 of the Protection of Depositors Act, 1963, to investigate the situation. As a result, the company filed its petition for a compulsory winding-up order which was made by the Court today. The Senior Official Receiver is investigating the company's affairs.