Talks will continue this week between the Manx Government and the United Kingdom Treasury over the ?800 million held on deposit by the failed bank Kaupthing Singer and Friedlander Isle of Man.

At the end of last week, the High Court in the Island adjourned the winding up process of Kaupthing Singer and Friedlander Isle of Man, to allow more time for negotiations to seek a resolution of the bank's situation.

The Manx delegation in London consists of Chief Financial Officer Mark Shimmin, Chief Secretary Mary Williams, and Chief Executive of the Financial Supervision Commission John Aspden.

Chief Minister Tony Brown (pictured) told Manx Radio what they want to achieve:

"We are trying to see if we can find a way with the United Kingdom Government, through their Treasury, to free up the money that has been frozen in the United Kingdom, or some way of getting the equivalent, so that money can be fed back to the Kaupthing Bank, or to whoever, so we can overcome the problem the depositors have.

"What we are saying to the UK is: 'if you had put aside this money, which is known not to be from the Icelandic bank as such, it would have overcome the problem'.

"We are just trying to see if there is a way to get those assets back to the Isle of Man."