HC Deb 11 November 1975 vol 899 cc613-4W
Mr. Crawford

asked the Secretary of State for Trade when he expects the affairs of the Vehicle and General Insurance Company to be satisfactorily concluded.

Mr. Clinton Davis

The realisation of assets, the payment of any dividends and the conduct of the liquidation generally are matters for the joint liquidators of the company who were appointed by the court. I understand from them that they intend to make application to the court as soon as possible in connection with a proposed scheme of arrangement for the benefit of the creditors. A distribution is dependent upon the outcome of the

1st April 1973 1st April 1974 1st November 1975 Change April 1973–November 1975 Change April 1974–November 1975
1,050 1,013 1,135 +85 +122

application and the joint liquidators cannot at present say when the matter will be completed.