THE P,EPPRR DEBATE'. .
The Debate in the House of Commons On the pepper opsis gave general satisfaction in the City. Mr. Runciman strongly emphasized the responsibilities of the Official Receiver, drawing attention to his wide powers. Indeed, Mr. Runciman made it clear that his duties and responsibilities went much further than acting purely on behalf of shareholders. 4,knef creditors. "The normal procedure of compulsory Wiliding up," Mr. Runciman- said, makes full provision ,for„coi.nplete. Juivesti gatinzi AIM -for- the con-sideration 'of any matter in connexion with the affair's of a company in compulsory liquidation. and for Such action is is deemed warrantable." The words of the President of the Board of Trade left a clear impression in official circles that all the circumstances surrounding the pepper gamble will be thoroughly probed by the Official Receiver.
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