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Bankruptcies

Volume 640: debated on Tuesday 9 May 1961

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11.

asked the President of the Board of Trade what was the number of bankruptcies for the years 1956, 1957, 1958, 1959, and 1960; and how these figures compare with 1951 to 1954.

With permission, I will circulate the figures in the OFFICIAL REPORT.

Could the hon. Gentleman say whether the figures are up or down? Has he any opinion as to the reasons for such bankruptcies?

Last year the figures were up, but I do not think that it would be safe to draw any deductions from one year alone.

Will my hon. Friend say what is the position in regard to the revision of the out-of-date law on this subject in accordance with the recommendations of the Committee which considered it and reported some years ago?

The figures are as follows:

19562,13619511,816
19572,06119522,043
19582,25019532,222
19592,30119542,176
19602,801