§ Sir O. Crosthwaite-Eyreasked the President of the Board of Trade when the liquidation of the Southern Counties Building Society will be finalised; and what has caused the delay in reaching a final settlement.
223W
§ Mr. DarlingThe delay in completing the liquidation by the non-official liquidator is due mainly to legal difficulties concerning property mortgaged to the society and to difficulties concerning the remuneration of the liquidator which is being fixed by the committee of inspection of creditors and shareholders. I understand that the liquidator hopes to be able to make a second and final return of capital to the shareholders within about three months and to close the liquidation shortly thereafter.