National Penny Bank.

HC Deb 11 May 1915 vol 71 cc1503-4W

Mr. TOUCHE

asked the President of the Board of Trade if he has any information as to the progress of the liquidation of the National Penny Bank and the prospects of further repayments to the depositors?

Mr. RUNCIMAN

A repayment of 5s. in the pound was made to the depositors of the National Penny Bank, Limited, last November. The realisation of the assets is proceeding satisfactorily, and I hope that a further repayment of 5s. in the pound may be made next month.