Savers with Kaupthing Singer & Friedlander Isle of Man could receive a £1,000 hardship payment if the Manx parliament approves a proposal being debated this week.

The Isle of Man government has put forward an early repayment scheme which would pay each account holder £1,000 early in the New Year if the island’s parliament, the Tynwald approves. The Manx government has asked for £11m to be released from its reserves to fund the payout. . .

“For those thousands of savers that have suffered financial losses this is not enough,” said Mr Coe. “It is just a token gesture and it does not take away from the fact that the government’s actions are delaying the compensation scheme from paying out.”16-Dec-08.

http://www.ft.com/cms/s/0/5b5ac9bc-cb96-11dd-ba02-000077b07658.html?nclick_check=1