Further dividend paid out to St Helen’s creditors

Creditors of St Helen’s Insurance Co Ltd will receive a further 10p in the pound, liquidators Coopers & Lybrand announced this week. Total payments to the 200 creditors, with claims of #100m since a scheme of arrangement was approved in 1993, have reached 30p in the pound. Coopers’ liquidator Ian Bond said: ‘With virtually all claims now agreed, I hope that a small final dividend in excess of 5p in the pound can be paid in 1997.’

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