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Fraser And Borthwick Ltd, Irvine

Volume 931: debated on Tuesday 3 May 1977

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asked the Secretary of State for Trade what indication he has had from Mr. H. B. Dawes, of Messrs. Mann, Judd, Gordon and Co. appointed Official Receiver in the case of Fraser and Borthwick Limited of Irvine on 17th February 1976, of the likely date of settlement of claims of former employees; and if he will make a statement.

Mr. H. B. Dawes, chartered accountant, is the receiver appointed on 17th February 1976 by the debenture holder of Fraser and Borthwick Limited. He is in possession of the assets and he is required to pay the preferential and debenture holders' claims. I am not in a position to intervene. I understand, however, that Mr. Dawes is doing all he can to resolve the preferential claims, including those of employees.