HC Deb 25 January 1949 vol 460 cc101-2W
93. Mr. Lawson

asked the President of the Board of Trade if his attention has been called to the case in which the Official Receiver was informed that deposits amounting to £22,000 which had been paid by a number of people in anticipation of cars to be supplied, had been used in the business of the company concerned; if he is aware that such deposits are the condition of supply by many agencies and companies which refuse to guarantee that the money will be returned in case of non-delivery; and as this system is open to abuse, if he will consider introducing legislation to make all deposits by intending purchasers of any goods a first charge on the seller if delivery of the goods does not take place.

Mr. Bottomley

I am aware of the facts mentioned in the first and second parts of the Question. The exact position in a liquidation of persons who have made deposits depends on the nature of the contract, and I hardly think that the matter is one which can suitably be dealt with by special legislation.

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