The Express.
London, England, 1848-10-19 00:00:00

ILab3 Ent/ilismce.

COURT OF BANKRUPTCY.—Ywrimstia.Y.
Before Mr. r ,turaistisrirr pee es.
Ovaa TRADIIIO.-113017 Region, Frederi.k Eiker-
mg', sad Robert Boma. Id, woollen deepen, of St.
Martin'alene, applied ne their Ger ideates. The particulars
of their bal►nce sheet appeared in the Erpress at the
time of their lest examination.—Mr. liallater, fur the aw
iigiree, opposed the application, which wag supported by
Mr. lawerance.—The principel mien of oppeintioa were
that the bankrupts bad low n trading without capital ; had
wade fraudulent pre6•reneee by making over goods to pr-
eens to whom they were indebted, and had obtained goods
frees Mena. Wyss bathe falm mimeo of Vieir being paid
kg os delivery. It wee stated that they had been in bust-
sees dace Aug.st, 1844 ; their trots debts were stout 8,0001.
wad the mobalis seine 1.3001. Th.: three had dim deed
partnership in fhiptenther. 1817, having failed is the prim-
e og month. The debts of the three were 5,6001., and the
a-vn !ad coy mated 101. Ritlets and Skarratt
►fterrard+ sontinsed business WI April Lie, e 's-
trutting farther debts and llabidtiwi to the =mut of 2,6001.,

while the snags realised were but 3361. in debts, and about s
1,30 W. in stock. The whole of their capital when they com-
menced business was bet 181. • they had chosen to leave
o teations, where they had good Balance, and to live upon
their creditors for tour years ; and such peewees ought mt
again to be permitted to enter the towing community.
Though their trading was very Sashimi they had paid uo-
wards of 6001 for the dissioue.t of bilk. Is September, 1847,
they had called together their creditors; but before doing so
had allowed two creditors, whore bills were coming slue, to
take geode for the amounts, 2801. These parties having
slaw failed, the property thus diaposed of was lost to the
estate. When the creditors were called together the bank-
rupts had professed themselves able to pay 14,. in the pound
by instsbnents, and on that representation had obtained
time.—Mr. Dawson, nest to Wenn. Wyse, proved that in
January last goods were supplied on the representation of
fikerratt that they should be paid for on delivery, to the
amount of 13 guineas, which hetinuer been paid.—fikerratt,
in answer to questions from Mr. L mance, stated that they
had never phi men then tie per cent discount ; their dis-
counts were of customers' bills. Their pr. fits had
been 6,4981. ; trade expanses, 33981. ; drum out by the
three partnere, 1
.9781. He attributed their failure to the
wee.. of trade. Aker offering the composition of 14s. in
the pound, he found he had taken txi favourable a view of
their *Uri; but Str. Dawson said If they amid not offer 14i.
in the pound he se eabl have nothing to do with the compoti
lion. Their stock had been sold rt 43 per cent. off by the
ssignees. Messrs. 'Wyse hiving refused to vane into the
composition, a preference of 2s. in the pound was promised
them ; and en that understanding they ace-ptel it. The
transactions with Taylor and Ab•alom were regular and in
the course of busioess. The goods they ebtalia d were sold
at a profit. 1-Lie was before the date of the eom;enition bills.
Hn denied that the last lot of geode from Mertes. Wyse Inn
sold for cash on delivery. ts' r. Cupwald, Messrs. Oil.oore,
of Glasgow, and Wirt creditors, as well as M . Wyse,
had bonuses of Is. or 2s. in the pound fur coming into the
composition ; they would not come in without ; parties with
wham they had done the must Inkiness were the most in-
jractibig. Teese even p27ment+ were not opentaticutis offers
on their part. Deustield did not know of them
being made. On the part of the bankrupts it was con-
tend, I by Mr. Liwrasce that they hat been turced into
this transaction by the importunity of their creditors. Their
stale y to to eke the inlet of their stock was a proof of their
honesty, and ea' their slab to do the best fur their creditors.
They had bees is business eyelid years, and h 4 always
conducted theme Ives properly.
The Commissioner said the first point treed against
the ba..krupts was that they bad cemmeueed busi-
ness without capital; this was an everyday practice,
and did sot of itself imply fraud ; but it ought to
Mal to caution in conducting ;he butinera. He the par-
ties had emend largely into trading at unce. BOW liAd
would be cntitl d to his certificate, as it did net appear that
their trading had been it. render during his eta xion with
the Gem. The joint trading of the two, stone:ire over only
six rainths, did not show any grind ex,ess GI ape rations. A
further &ejection was the alleged (nude', tit preference by
disposing of greets to creditors; in the case of T. ylor, the
transaction %vas highly irregular and censural,k, if not
fraudule et. But there had incidentally been brought to
light a number of fraudulent pretere..cer, with the view
et getting the composition earned nut. All stipulations
with mentors for extra payments in such c .ses were
defihaute and snot-tout frauds; and theugh tie court could
not punish the err noes concerned in met tr.esactiows, it
regericel them as most fennel., and is proper. Is was prism
cipally on this ground that he should deal with the case of
Skerratt and Regina; f r the charge of ebtaiti'eet goods on
the promi a ant 1.1%)04EI, pa; ment did not tent nut to be a very
imp Aleut matter, and probably there tu.ght hove been acme
Usteks es to the pere:so terms. Uotb•r all b.e er. unsettle-
ees, there wet a distinction be twecii It-glees end Skerratt,
the latter having evidently taken a more active part in these
transactions; the certificate et the farmer must be suspended
three months, and %het vet the latter six menthe.—Seing
asked fur protection, his 11,eolur said ho shout I errant it„ lu
the hope that the bankrupts would see the propriety of re.
bunion tomthe sphere iu wh:ch they had moved before cm-
barkiog In humus,.
ISICEBSIVI EXPRWDITURII.—Win. Chambers, carpenter,
of Blackman-street, Nceinge.o, had his certifhato su pended
for three month., on aecount of his expenditure having c
siderably exceeded his profits.

Deluge ilr.

Erse.

.........
Derccrtre Amoy:yrs.— Ileo.ry bui:der, of
Hounslow. I rplitcl for his certafizate, oppwed by
Mr Lewis, ler a ere :itor.—Atier a Mort ieverti .otioe, his
Honour decided to adj ere the consideration of car: for
eie mouths, owing 14 the unsetiatact,ry nature tot the
accounts.

SURREY QUARTER BlSSlONB.—Ktnowron, Ocr. 18
(name Idr. K. F. nhyra. c%aintian, Sir H. Baker, Col. Clianew, J.
Jolucr,, Eoq, J. W. Sutherland, Foq., he.)
Llelleellte Dia.—l re court thit day prur, odc.l to hew
tiioliensims!fr the renewal of no,io and other license, and
also applications for fresh Itemise& The following wore or.
sewed without any ohietratint :—The Royal lindens,
Vauxhall, to \Velma F,,nkt ; the Southampton Railway
Tsmras fL.f•pli K .li hi urap,„,
teat the tlt. Hlelens Oardens, Rotherhithe, to
Web •rd llowak ; the ltwisnary Branch, Peckhmn to
James Smith; the C.lette Tim re, Richmond, to Peckham,
Ball; the *Linton, Chien-street, Southwark,
to Augusta ll.rio Crilen sad Maria Hated.; and the
New lnu, Bridge-toe, to Janus Warl7
Knepp applied toe the Grit lime for a licence for music
for the Surrey Ziologic.ll Oar !ens, on b of Mr. Tyler.
11, said it was unnecer,ry for him to make any chains, ions
with regard to the manner in which this estabii.,honaet had
bees conducted, as it was notoriona that It was most nspcct-
able, and, indeed, it had been carried on under the direct
natrmage of her M .iesty, who had kunoored it soita a T'alt.
Tait r was no ititention to make any charge in the chancier
of the imminent* : hut, es the I roprietor lilt a doubt whis
they, under the, statute, he had the prier to continuo the
present amusements legally, he waa anxious, in order to avoid
any difficulty upon the wpm% to obtain tie tanct:im of the
caort.—Tke Chairman : Is other words, yon now wish to do
that legally which you have b :Les deli* for a great many years
without the authority of the law P—Mr. Knapp raid the ',-
vitiation would have bees made last year but for a technical
ie.li.rrai.l.ty with regard to the notice of an intention to ap-
ply Mr a heeace.—Mr. Johnson said be had great pleasure
in moving that the licence should be granted. lie padded
near the gardens, and he could state that there was no more
maprctabla place of etnumment in London, nor one mom
des Irving of encouragement.—The Chairman said he quite
concurred in the remarks mode by Mr. J.thnsoo, and the
licence was then granted with the unanimous cot.sent of dm
cmrt.