January 25.

The item on Tomintoul Enterprises Ltd (January 25) must surely raise

the question of the level in remuneration about to be distributed to the

receiver (#275,000 of #325,000 or 84%). At the same time the creditors

will receive an initial 20%.

Why in light of the amount of legal and accountancy effort this case

has attracted and no doubt paid for, was a precedent not set which would

have given the creditors and the receiver a similar initial dividend,

and comparable shares in the new enterprise -- almost a ''No win, No

fee'' basis?

J C Weir,

Glenelg,

Beanshill,

Contlaw Road,

Milltimber,

Aberdeen.