Joe Psaila Savona made an excellent point (May 29). The majority of so-called bad debts which were written off as a loss and unrecoverable at the time of the National Bank takeover were, in fact, recovered.

Being taxpayers too, shareholders’ rights must be respected

I cannot be more precise, the figure may have been presented in court. The suspicion is that they were deemed unrecoverable in 1973 so a more dire picture of the bank’s financial position could be potrayed as part of the justification for its takeover… And, yes, the interests of the taxpayer have to be taken into consideration. But justice has also to be served; that is in the interest of the shareholders who are also taxpayers and expect their rights to be respected like every other citizen.