§ 45. Mr. MichaelTo ask the Secretary of State for Trade and Industry what progress he is able to report regarding repayments to investors affected by the Barlow Clowes collapse; what steps he has taken and will take to ensure fair treatment to both those who invested in the United Kingdom-based funds and those who invested in the Gibraltar-based funds; and if he will make a statement.
§ Mr. RedwoodThe matter of payments to investors in Barlow Clowes Gilt Managers Ltd. and Barlow Clowes International Ltd. is one for the joint receivers and joint liquidators, Cork Gully and Ernst and Young respectively. I refer the hon. Gentleman to my letters of 16 August and 30 October to all Members, copies of which I have placed in the Library.