§ Mr. N. MACLEANasked the President of the Board of Trade whether he will state the circumstances which led Miss Lillian Scott Troy, an American citizen, in November, 1916, to surrender twenty £100 debentures, with blank transfer, in connection with the management of the Hop Extract Company, then being supervised by Mr. James Fabian under the control of the Board of Trade; and what has since happened to those debentures, and in whose possession they are at the present time?
§ Sir A. GEDDESIn May, 1916, the Board of Trade appointed Mr. James Fabian as supervisor of the Hop Extract Company, Limited, but no order was made to wind up the business of that company under the Trading With the Enemy Acts. In September, 1916, on the application of Miss Lillian Scott Troy, the Court appointed Mr. James Fabian as receiver for her and all other holders of the first mortgage debentures of the company, and from that date Mr. James Fabian ceased to act as supervisor, and the assets of the company were dealt with under the direction of the Court. I am informed that Miss Troy deposited her debentures with the receiver as security for advances made by him in connection with the carrying on of the business pending the sale of the assets under the direction of the Court, and that such debentures are still in his possession.