The Express.
London, England, 1852-05-10 00:00:00

4

Niato

EQUITY COURTS.— SATVEDAT.
lievisvos AT Wumuussvaa.—Bsri.us ^n. 14 as CILANSIUSS.
This Ming the last day of Easti r term his kudahip sat
Ow a short nn,-and disposed of 'meal =Mom, Gad of the
fallowing matters.
Is as Val BuetoL Ciallptllll.
The resider.
ei mpg to Me
OD appoistessat of trustless of
the lmatfaso. was 7 heard Wednesday. It wee ea
applieatklS to eau ea tita Master's report, out a rofesoltim
made be Lea Trap when Led Chancellor.
Sir W. nip Ideal awl lit. Jau.e. were for the trustee%
sad Ur. Itawaddl Whew awl )ir. Selwyn represented the
corporation eirildnet.
The Lied Cheweellor rellaatbea !hat this was a very em-
bargoes*" 1111111. lfh geoloomeor had rai.ile an eider refer-
*: the ran te Ihe nerter
_en the express ground that
lbelesiese oldie drift had done that privately which
Melt w boas hose due openly, and thereby deprived
Itrbiedlmihromilia, which inigia! base be,n tchnlal as
kles * ponies Is be *vast, . • The Master at heel
Ilhatitlat our talla bound to cArcy t•.c order into Men.
Inn, ultimately ow* tenth, r t.. wof the TIM. IT,
eppeneed Is bite (the Lord Chametl,m) that there wee
sittleis ht. al but St* the order obTyed. Were be alleil
at ea essisi lb. mutter. whirls he was en., he shed& erg
lint she eider ou ryyttat. Its thosn'it. however, that he
bad bone ewe the tauter before tanking any order ou the
Widest. Li Indship ultimately vamp 'tell that the two
horn" pttthmw ellatintil as lumar counsel in. the
=MI *NM awn together f•,r the purpose of seeing
U the panic. could come to a compromise of the poiat is
ailremkratood that the learned gentlemen agreed to
adopt hi bariaabip's suggesti..s.
la as Tea 01•StAt BILEWTST COMPANY ST CARTS

CRUX Tom
Tao was en appeal from an order of !Le V ice• Chancellor
Knight It removing the name of Mr. Creston from the
list of matributolies.
Mr Rciaborgh, on behalf of the cnic:ll manager. having
veer briefly stood the facts,
'1 be loon Chanceller said the cast admitted of no doubt
whatever, and at S.C. sinned the otdcr oelow.
IN NI Tin 241011TH Or EN6LAND JuINT.SIvCC,
BkNitiXo ColtrANT ss ram, flouts.
This was as appeal fleece an order of the Vim Chancellor
/Knight Bran striking Mr. Ilultm's name off the list of
oentributorics. The ease bed been socketed as the roper-
mutative of a large class of cans which hare arisen wader
the winding-up proceedings of this untntunste eau:army,
on the construction of the deed. Loses had been intoned
M the time Mr Holm* became a member of the bank, but
they were not then payable.
Mr. Bothell (with bfm Mr. J. V. Prior) was proceeding
with the are cis behalf of the of manager, when the
Lord Chancellen rest shortly after oat o'clock to attend the
cabinet council.
Ilia lordship will sot again sit in Cliannry till the first
day of Trinity Term.

rtralsaa Tina Loup ivlnca. PI &mar.
Ew
Their lordships delivered judgmi nt upon the point re-
*erred in this we, namely, whethi r the min allowed in the
lamkruptcy by way of remuneration to the utheial manager
in respect of his services was or not excessive.
It appeared that the adjudication look place early :n
November, 1861, and that the allowance in question was in
respect of services rendered in the prosecution of the honk-
napery down to the 06th of December. During that period
the official manager had received 21,5b41. in respect of
awe. of the benkraps, out of which he had paid, in respect
of dividends sad eapenees, the tom of 15,4641. The re-
muneratien which had been allowed to the ofkial
manager
by the comatimienter was Ina, in respect
is
receipts, and a ens of 201. fur investigating the ac-
counts, and 109/. 15e. for diver:Bog a portion ot the assets
amongst 33 creditors. Their lordiliepe held that the allow-
ance in respect of rentanerstan was taceal66e, baring re-
gard to the circumstances of the particular bankruptcy t
anti that the meter must be referred beck with that decla-
ration to Die commissioner unless the creditor' mitigates
and the official militia, would join in requesting the court
to he the proper amount. Their lordships observed that
the commissioser, is Sling the amount completiord of by
Ow petition, seemed to hose proceeded, not upon the par-
ticular circumstances of the b:.nkruptcy, but upon the
brie of a general scale or rule approved of and
adopted by some of the lainelon eannussioni rs ;
but which had never received toe sanction of the Lord
Chancellor, or Lords Commiseione:e of the Great Seal. It
might consistent with a view, net ce..y to save time and,
trouble, but also to the general olueetii of indica, that
there should be rids a general rule liable in particuler
easesto variation in the exercises of a careful judicial dis-
cretion; and it might be desirable that the London eom-
naissioners should settle such a semi, in order to cbtaiu •
uniformity of practice, so far as eh, language of der Bank-
rupt Act would admit of; and having done so to apply
under the proper section of the act, for the sanction or the
Lord Chancellor. As this, however, bad not yet been
&lie, no each rule or stole could at present be recegreised as
constituting the practice.
The matter was then referred back to the Conuniasioner,
upon the deslaration of the court.