HC Deb 24 July 1980 vol 989 cc344-5W
37. Mr. John H. Osborn

asked the Chancellor of the Exchequer why it has taken so long for the Registrar of Friendly Societies to examine the affairs of the Sheffield Adult and Juvenile Collecting Society, following his answer in the Official Report, 24 March, c. 447; and when he now expects to be in a position to report on the distribution of the society's assets to those entitled to them.

Sir Geoffrey Howe

Following advice received from the Government Actuary, the Industrial Assurance Commissioner is now in a position to determine the extent to which each member of the society is entitled to share in the remaining assets of the society. Those assets must now be realised, and the amount deposited with the High Court must be recovered, in order to determine the amount of the fund available for distribution. The responsibility for taking this action rests with the society. When the amount available for distribution has been ascertained, the award will be made and the assets distributed in accordance therewith to those entitled to them.

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