BRISTOL AND WEST BOND-HOLDERS

Early day motion 2511, tabled 5 December 2011 by Baroness Burt of Solihull (Liberal Democrat). Signed by 10 members.

That this House notes that English investors who took out Bristol andWest permanent interest-bearing shares did so inthe belief that these shares wouldbe treated underEnglish law; regrets that the Irish government is considering applying for a court order from the courts in Irelandwhich would reduce payments for bond-holders in orderto increase the equity capital of the Bank of Ireland in which it holds 15 per cent. of the shares, when theBank of Ireland, is, according to the Irish Government Finance Minister,already well capitalised; and calls on the Irish Government, in the interests offairnessto bond-holders, not to favour the interests of shareholders over bond-holders.

Signatures by party: Liberal Democrat 6, Conservative 2, Labour 2.