HC Deb 23 June 1989 vol 155 cc274-5W
Mr. Michael

To ask the Chancellor of the Duchy of Lancaster what assessment he has made of the effect on recovery by Barlow Clowes investors in the United Kingdom of last Friday's High Court ruling authorising the transfer of funds from the British-based to the Gibraltar-based operation.

Mr. Maude

It is too soon to make any such assessment.

Mr. Michael

To ask the Chancellor of the Duchy of Lancaster when he expects to be able to provide sufficient information about the Barlow Clowes collapse to make a full statement to the House.

Mr. Maude

The Parliamentary Commissioner for Administration is currently considering the role of my Department in this matter. In addition, there are a number of actions before the courts. It is too soon to say when all these matters will be resolved.

Mr. Michael

To ask the Chancellor of the Duchy of Lancaster whether there are any outstanding requests from the ombudsman to his Department in connection with the cases currently under investigation by him arising out of the Barlow Clowes collapse.

Mr. Maude

My Department is co-operating fully with the Parliamentary Commissioner for Administration and endeavours to respond to all his inquiries as quickly as possible.