The Express.
London, England, 1859-02-08 00:00:00

PETITIONS.

By the Dike of NotrYots.. 41;;;Siteffidd, in favour of •
revisal of our me-mutative system.
By the Earl of ALB/IMALLN from Diva, in Wow of the
abohtioa of church rake.
LAW OF PROPERTY AND TRUSTEES RELIEF

_ _
BILL.
This till vu reed a semi& lime.
LAW OP BANILRUPTCY AND IIiBOLVENCY..

TM LOAD CHANCELLOR called the genteel' of the
beer to the 'abject of the law of debtor sad creditor, and
alter reetowtag the present condition of the courts which
edjerneated ea that branch of the law, and ceoursentr g ter
their hardeore, pomaded to elate the chief points d the
rearm width the gentermiont were about to Introduce
It was proposed, thee, to teem the Bankruptcy end Insolvent
Courts into one tribunal, dimming at last, though mot
immediately, with the smokes- at the insolvent orammie-
Mows; to abolish imprimatur for debt eltegetlier,
accept to a kw =llene arse; to do away to
• greet extent with the dilloolke which at
present existed between Indira and memtrodera,
and to place the insolvent ma the ems rides r
she herons with regard to merry embed err
bishisoireacy. After enarsemn lag re merral cremes when
for the efficient marking of the new trib=hdat
rtihdetariem of its officials, the Lord Clumeeller
by calling the attention of the hour to the fact that this wee
a measure to emend the law of debtor and ereiltoe„md sot '
an attempt to consolidate the law is that reepeet. Whets the
ansendmenta were eo large it had been thought better by the
government to amend Out and to consolidate afterwards. Br
11 the ameedmeata which he now proposed should receive
the sesta= of both houses, ho trusted that at ao
die-
teat time either he or some more formate ligimiator
adght be permitted to ozerilidate the whole of this impor-
tant code of km, after it had undergone the require revi-
ion end conadderation, into one satire system, which would
continuo to be the governing code of the commereisl cont.
malty for ages to come.
Lord BROUGHAM was glad to find that the Lord Chen-
minor had adopted some of the moat important previsions of
the bill brought in by him (Lord Brombent) last merlon
At want be should carer himself with this general
approval, and pare Wore expressing his opinion more dr
early until the bore was in potension of the bill.
Lord CAMPBELL had latter to the earner of time
Lord Iffinecellor with very great /bay of the
propound changes be himself had oftarrred. In hie °price
they should do away with all distinction between traders
and ace-tmdere—between bankruptcy sad insolvency—sad
give every facility to private arregreents. Ile also disap-
proved of the dietnetion of tie various Meets of merit and
demerit in traders, demoted by the elairdeatios of certifi-
cates. He had, however, been greatly dieenrthr sad
mortified at boring tram Me noble sad kerma Mend QM
ft wee not tarred to emmeoldre the satire law on this err-
jeet, bat that tide smear was to bm •pe ea the
epees. The akar set °Grained between two end three
Medea seethes ; Ms bin would repeal or alter abort 150 ci
that, orl Ii meld be much better to deal with the whole
Metreetel it wee not yet too late, mud Sri the
amble bed meld bred( attempt the task of introducing a
maser whir weer embrace the whole law ot debtor sad
wart.
Lord CItAPIWORTH differed ham him noble and learned
Mead. He agreed with the Lord Chanoellor that It wee
better to beep the two objects of miendomot and 'emenda-
tion In entirely distinct. He hoped, however, that the bill
might pees time to allow a consolidation act to be fake-
, dared at • later eriod of the merlon. There were many of
the proposed changes of which be highly approved, but es to
others he entertained great doable.
The bill wee then reed a East time.
' The arced reading wee grad for Thursday week.
Thar lordships ed,iourned at mere o'clock.

IT, FIB. 7.