Oral Answers to Questions — McGRIGOR'S BANK.

Part of the debate – in the House of Commons on 24th November 1922.

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Lieut.-Colonel GUINNESS:

The liquidation of this firm is not sufficiently advanced for a final figure to be given, but it is estimated that the assets will enable a dividend of something more than 5s. in the £ to be paid. With regard to the latter part of the hon. and gallant Gentleman's question, he is under a misapprehension in suggesting that there was any compulsion on Army officers to bank with these agents who were responsible for their pay and the provision which the Government wish to recommend to the House in this matter must be looked upon as an ex gratia payment.