§ Mr. John Fraserasked the President of the Board of Trade what steps he is taking to cause an investigation to be made into the affairs of the South Western Deposit and Loan Society, a 281W society registered under the Friendly Societies Acts, on the grounds that depositors are unable to obtain repayment of sums due to them.
§ Mr. DellI regret that the Board of Trade cannot invoke their powers under Section 165 of the Companies Act, 1948, or Section 109 of the Companies Act, 1967, to inquire into the affairs of the South Western Deposit and Loan Society because it is not a company or body within the terms of those Sections. I am writing to my hon. Friend about this matter.