The Express.
London, England, 1851-04-10 00:00:00

LAW INTELLIGENCE.

l'illS DAY.

COURT OF BANKRUPTCY.
Barons Ma. nownissioirsa YAMS.
IN RE ItiVINO.
The bankrupt, described as a merchant, of Gloucester-
street and of Prince Edward's Islaud, applied for his certi-
ficate. The balance sheet, prepared by Mr. Hutton, of
Bucklersbury, exteirded over four years prior to the 3rd of
January, 1849, and contained wane consid. ruldo it•ans.
Ile owed to uie‘ccured creditors, 4,686/. ; to thus bottling
security, 1,8061. The assets were estimated at 4401. is
good and doubtful debtors, and 9211. in property ; propel ty
held by creditors, 680/. The profits had been 1,4561.;
capital, 1,267/. ; losses, 4,8941. ; trade expenses, 6811. • inte-
rest and discount, 44;/. ; law charges, 621. ; hexer: and per-
sonal expenses, 1,205/.
The circumstances of this case were somewhat peculiar.
The bankrupt was a nephew of the celebrated lies. Edward
Irving, who created such a ferment in the spiritual world
about a quarter of a century ago. Some years shim the
bankrupt went to Prince Edward's Island, win he had
tilled a position of great respectability, having a
seat in the legislative council of the colony, and
holding other honorary appointments. Ile had entered
' largely into contracts in the timber trade, having funned a
connexion at home for its disposal; but, owing to the reduc-
tion of the duty on Baltic timber, ha had been hivolved in
heavy Imam I'M bankruptcy had occurred two years ago,
the delay having arisen from the necessity of procuring tho
books and accounts from l'rincc Edward's Island, whither
the bankrupt had proceeded to assist in realitiug the
property.
Mr. Graham, the official assignee, reported that the lurks
had been well kept; the only assets received was about 18/.,
the pmeceds of some timber sold in Scotland. There was a
hope or something being realized by the bankrupt's property
in the island, whither he would proceed as soon as he ob-
tained his certificate.
Mr. Lawrence supported the bankrupt's application, and
said he hoped his honour would grant a certificate of a
high class. The bankruthetad gone out to the island
two years ago, under protection of Mr. Com-
missioner Shepherd; hut this was disregarded in the
colony, and he had been imprisoned there seve-
ral months. There was every prospect of his property
in the island real:sing 921/. ; it had been considerably dimi-
nished in value by the reduction of the ditty on Baltic
timber. The bankruptcy had taken place two part ago.
Mr. Commissioner Shepherd felt great difficulty or pewit's
the bankrupt without his books • he was din:chi to ',raw
them with him from the island; but on his return the vessel
was cast away, and the hooks were lost.
His Honour thought he could not grant more than a
common certificate. It was the ease of n man owing .5,000/.
or 6,11001., and not producing a single farthing.
Mr. Lawrance submitted that the frame bail arisen from
unavoidable losses. Ile had begun in 18 14, with a capital
of 1,200/ , while, during his period of trading, his bawl
had been 4,s'J4l. The reduction of duty on Baltic timber had
operated very injuriously to the colioural growers ; for, sup-
posing the cost price of timber to be the sante in Prince
Edward's island and on the Coat:nent, the freight Irma
the former place was three times as expensive as front the
latter, the voyage being three times as lung.
Ibis Honour and that seemed to be the hest instific aim%
of the (sinew pursued by the government with re,,,tr.l to the
trades using timber in this country. In [ilk cape it ap-
peared the bankrupt hail been insoivent before the altera-
tion referred to, and had gone on straggling with his diet-
(little.. Under these circumstances he was nut catilkd to
more than an ordinary certificate.

CENTRAL CRIMINAL COURT.

TILLS DAY.