The Express.
London, England, 1847-10-19 00:00:00

tat lutalignut.

COURT OF BANKRUPTCY.
Ware Mr. Coadniasioner Evans.
CH 'WI. TRADINO.—F. Macqueen, in partnership with
Mr. Macdonald, as a merchant, applied for his cern&
cate.—Mr. Sheen, from Messrs. Aahurst and 800, who
appeared on behalf of the asaignem, mated that he was
instructed to lay the facts or the case before his Honour, and
then leave the matter in the hands of the court. The joint
balance-sheet showed the debts to be 26,0001., aed property
6,0001. ; pprofits " sume," and expenses 7,1301. The m,P•r•t•
balam►ahwit of Macqueen showed the debts to be 4,2001,
property 2341., peat. "none," and *spume 4,0001. Ist
1840 the bankrupt Mammon estimated his espie t. d be
30,0001. • M ISO, at which period Macdonald became a
:the capital asscranted to 4,0001. ; cad in 1845, there
=km a dellektacy of 8,0001., Macqueen left this coonv
and west to Chia'. In May, 1845, bets being dishonoured,
a fiat was issued against Macdonald, who obtained his cer-
tificate on the 44k of Apre, 1846, and Macqueen being then

abroad, and not surrendering to his flat, was outlawed, but
having applied to the Court of Review, obtained an
order in the usual way, came up for and passed his last ex-
amination, at which period it was discovered that he bad
made a loss of 40,0001., being principally on the
sale of skips, voyages, and the speculations in tea. lie had
been a merchant-captain all his life, and had been in busi-
ng« for thirty-two years. It was alleged by the bankrupt
that his principal creditors were a Mrs. Cambial, who bad
advanced large sums of money to the firm, and Messrs.
s,e, Jardine, and Co., who were friendly to him (the
bankrupt) at the time of his going to China. He had made
70 per eent. profit on former voyages, and expected to have
made SO upon the lut venture, but did not in consequenos
of the overland mail having arrived (at a foreign temtory).
The failure was attributed to the fact of remittances not
baring been forthcoming. He (Mr. Sham) considered it to
behis duty to state, that the assignees had nothing to say
against the bankrupt but in commendation, and he had
done all that could be desired by the assign«. since he had
arriTed ia this country, and his stoppage from it at the time
~• • ._
of 01; roCr—usi4 *ding in this noun was m
lag to anange the affair in China. Them were the facts that
the assignees had to lay before the court, and peed-
elderly the fact that the expenses exceeded the pew-
its, and that Macqueen left this country at a WIN
when he was in a state of insolvency.—Mr. Law-
'MOß upon behalf of the bankrupt, said that his learned
friend had stated the cue very fairly, and, under all
the circumstances of the case, he (Mr. Lawrence) submitted
that the certificate ought to be immediately granted to Mr.
Macqueen, who was not a mere adventurer in trade, but had
been in business for thirty years, and was at one time pos-
sum(' of many thousands of pounds. He was engaged in
speculation in team, which at one time were at a very high
price in the market, but, having got gradually lower, beam,
an utter less. At the time he went to China it was not in
fraud of his creditors, because they were fully aware of his
intentions. None of the creditors came here to complain
that Mr. Macqueen had powered himself of goods by any
misrepresentation, and it was true that from the year 1843
his operations had resulted in a loss, sad as soon as
le found that the house in London, conducted by Mr.
Macdonald, bad stopped payment, be (Macanese)
stopped in China, and remained there to watch
the estate which has paid five shillings in the pound.
Then the only point against his (Me. Lawrence's) client
could be the personal expenditure. Tens it was it amounted
to 9001. a year, but at a time when be was possessed of no less
a sum than 30,00 W.; and when the firm was failing the ex-
=were curtailed to the amount of 4001. or SOW. a year.
all the circumstances of the case, considering the
honest career of trading pursued by Mr. Macqueen (for 30
years), who wished to attain the position of a British mer-
chant, he (Mr. Tolerance) hoped that the court would grant
the certificate forthwith.—Ho Houma said There is no
charge against this gentleman that he has been guilty of
anything like a fraud when he went to India; and it appeal.'
to me that he was very sanguine, and possibly was sot very
prudent in haring gone there at the time be did. The !et
against his partner is in 1945, and as soon as Masques kaew
that such was the case he stopped all dealings, mil, 4 Abet,
!surrendered to the commission. Under all the elemomstances,
considering the time that has elapsed don Ilteedosald ob-
tained his certificate, I shall great Mr. Ilaftessa his card-
ficate.—Grented accordingly.

Before Mr. lionnedener tweed.
Dame SWIZP6.—IN ZS DINNIT AND MlMl—Thew
bankrupts, who had carried en bedews is the Borough-road
as licensed victuallers, erne op to pus their last examine,
tioa.—Mr. Graham, the °Mal eaelgtee, said that there was
an aceount of losses on different epw•thogeweepstakse, drawn
at the bankrupts' house, amounting to 460 L, and he thought
the bankrupts ought to give a detailed seeount.—Mr. Law-
rence, for the bankrupts, said they had rendered the beet
account they possibly could, and it would be seed that their
daficieuey on this account was only 1901., and there was up-
wards of 4501. loss by persons not paying up their instalments,
and some other chances had been taken up to complete
the list, but bad turned out blanks. The bankrupts
were willing and anxious to give every informatket,
but it was rather a difficult thing to do to name the perdu
who had failed in payment, and there wu a Misr, la Ma
matter of disclosing names.—The learned Comnidenar said
that could not be helped. Such an account ought to be ren-
dered. He asked Mr. Graham if he had any other objection?
—Mr. Graham said he had not ; he did not for a moment
say that the accounts were not true, but fuller amounts could
be rendered.—Mr. Lawrence said the sew would
adjourned for that purpose—The case was ties adjourned,
and on the application of Mr. Lawmen the bankrupts were
granted an allowance.—The sweeps aotoosted to 10,0001.,
and it is expected that many of the incognito daises wadi
cane forward with their subscription.