HC Deb 02 July 1976 vol 914 c346W
Mr. McCrindle

asked the Secretary 01 State for Trade on what basis he is challenging costs involved in the Nation Life liquidation.

Mr. Clinton Davis

The costs in question are the legal costs of the liquidator of Nation Life Insurance Company Limited on applications he made to the court. The draft minutes of the order made by the court provide for taxation—i.e., determination by the court of the amount—of the legal costs on a "trustee" basis which, I am advised, is inappropriate and over-generous. Accordingly it is proposed to ask the court to reconsider the basis on which the costs are to be taxed.