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Presbyterian Mutual : ウィキペディア英語版
Presbyterian Mutual
The Presbyterian Mutual Society, also known as Presbyterian Mutual is a Belfast-based mutual society with around 9.500 investors, most of whom are members of the Presbyterian Church in Ireland. 〔 (Presbyterians to lose millions as Mutual collapses ), ''The Belfast Telegraph'', 14 January 2009〕
The society has been put into administration after a run on the society in October 2008 when £21 million of its £25 million reserves were withdrawn.〔(Presbyterian Mutual Society collapses ), 15 January 2009, RTÉ〕 Presbyterian Mutual had lent heavily to the commercial property developers and the buy to let sector.〔(Some good can come out of Presbyterian Mutual collapse ), co-operative News, March 19 2009〕 The loss of funds was attributed to the fact that commercial banks had their deposits guaranteed, in contrast to the Mutual's unguaranteed status.〔(Investors request meeting over Presbyterian Mutual Society funds ), Mid Ulster Mail, 22 January 2009〕 The then Minister for Employment and Learning, Sir Reg (now Lord) Empey, amongst others, called for the Treasury to compensate investors. The Treasury subsequently set up a Working Group to consider what action could be taken.〔(), HM Treasury〕
Gordon Brown talked with Northern Ireland's political leaders on its future on February 12, 2010.〔("Talks over Presbyterian Mutual Society" ). RTÉ. Friday, 12 February 2010.〕
In October 2010 George Osborne announced a £200 million payment to compensate savers as part of the Comprehensive Spending Review.〔(£200m pledged for collapsed N Irish mutual )〕 The final bill came to £232 million, and the first cheques for repayment were sent on 2 August 2011.〔http://www.bbc.co.uk/news/uk-northern-ireland-14368955〕 Around 10,000 people were affected by the collapse. All savers who invested less than £20,000 have been completely recompensated.
==References==



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