It’s decision day for Kaupthing depositors, on the Manx government's Scheme of Arrangement.

They must decide whether to support the package of proposals, which the Manx Treasury says would give guaranteed, scheduled payments, and fully refund more than 70 per cent of those who had money in the crashed Icelandic bank, within two years.

If the scheme receives sufficient support, it will proceed to the High Court at the end of the month to be activated.

However, a lack of support would mean the bank, which collapsed last October, would go into liquidation.

On Agenda last night, Treasury Minister Allan Bell said it was hard to know which way today’s vote would go:

"It's going to be quite close I think, and I wouldn't like to say at this stage what the final outcome will be.

"We have worked assiduously hard over the last six months to put the best possible scheme, that we think, together to assist all categories of depositor, from the relatively small depositor (under ?50,000) to the high net worth, and all stops in between.

"It may not, in some people's eyes, be perfect, and clearly it is not doing what some of them want, which is an automatic 100 per cent repayment.

"But we believe that the terms we have been able to put together does give some benefit to a wider number of depositors than simply going into straight liquidation."

Meanwhile, there’s concern that depositors in some parts of the world have still not received their voting papers.

One depositor has requested today’s vote be declared null and void and a new one arranged.

He says not everybody has access to computers or the internet, from which many have downloaded the forms, and time is needed for everybody to receive their papers, vote and return them.