A company owed two separate companies, Rolled Steel and Scottish Sheet Steel. Rolled Steel owed Scottish Sheet Steel £400,000 in debts. Scottish Sheet Steel is a steel stockholder and owed £800,000 to the British Steel Corporation. British Steel Corpora

An engineering company was purposely formed to build railway stock. A Belgian company had accepted to take on building the railway from the business that had been set up, however the directors contracted to assign a concession that they had bought.