HC Deb 08 January 1913 vol 46 cc1199-200W
Mr. GINNELL

asked the President of the Board of Trade whether he has read the observations printed with the summary of the statement of affairs of the National Provincial Insurance Corporation, Limited, made on the 12th February, 1912, by the Assistant Official Receiver; whether he will tate the total amount of money received by Frederick England in salary, fees, remissions, and otherwise, from that firm, from the Irish Provident Assurance Company, from the Empire Guarantee and Insurance Company, from the Reinsurance and Guarantee Corporation, from the Lancashire Plate Glass, Fire, and Burglary Insurance Company, and from the Erin Assurance and Investment Company, all now in liquidation after having ruined many victims; whether he will name any companies still surviving of which Frederick England is a registered officer; whether the Board has any power to prevent a liquidator, as in the first and second of the foregoing cases, keeping the liquidation in Court until the entire assets are wasted; and, if not, whether he will ask Parliament for such power next Session?

Mr. BUXTON

I have seen the Official Receiver's observations in the case of the National Provincial Insurance Corporation, Limited. Frederick England received from that company £5,360 11s. 5d. in respect of salary, commission, and fees, and £1,259 17s. 8d. in respect of expenses. He received from the Lancashire Plate Glass, Fire, and Burglary Insurance Company, Limited, £10 for director's fees, and £25 for expenses. Nothing was paid to him by the Reinsurance and Guarantee Corporation, Limited. He has also lodged proofs of debt in respect of salary, fees, and expenses for £2,945 16s. in the case of the National Provincial Insurance Corporation, Limited, and for £184 12s. 3d. in the case of the Lancashire Plate Glass, Fire, and Burglary Insurance Company, Limited. I have no information as to any amounts received by Frederick England from the other companies mentioned in the question, or whether he is now an officer of any company. I am not aware of any ground for the hon. Member's suggestion that the liquidation of the National Provincial Insurance Corporation is being unduly prolonged, and the Board of Trade have no jurisdiction in the case of the Irish Provident Assurance Company. Limited, which is being wound up under an order of the Irish Courts.