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Kaupthing prominent on Tynwald order paper

by isleofman.com 19th May 2009

On the day depositors vote on the Manx government's Scheme of Arrangement, the collapsed Kaupthing bank features heavily on the Tynwald order paper.

There are several questions from Rushen MHK Juan Watterson relating to the return of funds to depositors, and he also wants to know what the Council of Ministers is doing to combat unemployment in the Isle of Man.

The Financial Supervision Commission is again under the spotlight with a question challenging the salary of its chief executive. South Douglas MHK Bill Malarkey has doubts on whether the figure of just under ?250,000 a year is justified.

On the main order paper, Michael MHK David Cannan will propose Tynwald investigates what caused the collapse of Kaupthing bank, and the role played by the FSC.

Other items include a motion to approve spending for the resurfacing of the athletics track at the National Sports Centre in Douglas, concerns about swine flu and traffic during this year's TT festival.

Today's sitting of Tynwald gets underway at 10.30am, and there will be full coverage on Manx Radio's 1368 AM frequency.


Posted by isleofman.com
Tuesday 19th, May 2009 06:00pm.

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