Oral Answers to Questions — Taxi-Cab and Motor Finance Company, Limited.

– in the House of Commons on 27th February 1922.

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Photo of Mr John Mills Mr John Mills , Dartford

6.

asked the President of the Board of Trade whether he is aware that, as a result of the liquidation of the Taxi-cab and Motor Finance Company, Ltd., over 600 depositors, the majority of whom are ex-service men, have lost their deposits, amounting to upwards of £23,000; that at a meeting of the creditors, held on the 28th October last, the Official Receiver promised to make a full investigation of the affairs of the company; whether such investigation has yet been made; if so, with what result; and whether the Board of Trade will cause a full inquiry to be made into the affairs of the company, with a view of ascertaining the causes of the liquidation and if there is a case for the prosecution of the promoters of the company and others responsible?

Photo of Mr Stanley Baldwin Mr Stanley Baldwin , Bewdley

The answer to the first part of this question is in the affirmative. A report has been received from the Official Receiver that he has made a full investigation, the result of which will be embodied in his observations to be issued to the depositors in the course of about a week. It does not appear that any of the deposits received have been misapplied, and on the facts at present before the Official Receiver there are no grounds which would justify an allegation of fraud against the promoters or officials of the company.