The Express.
London, England, 1859-06-02 00:00:00

THE EXPRESS, THURSDAY _EVENING, JUNE 2, 1869.

Ur. Doris said the wipers did act °ppm) the applica-
tion, though they were not eatittled with the account,.
Ma Honour ordered the ditcher/re, Riving the bankrupt
protection for a month, renewable only in the event of his
rendering satisfactory account,.

IN RE BARFIELD ♦ND BIAIITIN.

The bankrupts, grocers, of Wonitricti, obtained certificates
of the third clam. Their liabilit'es are of trifling amount.

111 HEWITT.

This was the certificate meeting. The bankrupt waa a
small corn factor, at Chatham. Liabilities, 7001.; rata of
trtacumoutit. . . .

711agley opposed for the assignee.. The bankrupt bad
contrasted a large portion of hie debts within six wens of
hie failure, having purchased goods to the smoust of 2221.
In that period. Ile then submitted toe friendly arrest, having
gone to Canterbury for the purpose, where be pored through
the Ineolveat Court before a judge who was rather popular
with debtcra. He had failed to account satisfactorily for the
;7of his goods; only 301. had come to the hands of
Pd:even in the shape of asset.. Shortly before the
failure he had blush' 18/. worth of oat', which he had ex-
changed for a bores, and then sold the bone for 91.
Mr. Lawrence submitted that the failure was attributable
to losses end bad debts. The expenses bad been moderate.
Hie Honour said tho case was not to be lightly judged
simply becalms the Sgures were email. In such caeca it
frequently happened that great miechief was done to a small
class of creditors. There would be no dividend here; there
wee not even enough to pay the expenses. The assignees
lad very properly brought the case before the court. The
trading had been reckless, especially in the last few weeks;
the bankrupt ought then to have contracted, instead of ex-
tending hie purchirees. The certificate most be euepenied
for Mx mouths; and as the bankrupt had carried on hie ba-
dness In the moat negligent way, the certificate would only
he al the third class.

INSOLVENT DEBTORS COURT.—MAY 31.
(Before Mr. Commireioner Karptry.)
IX 11 W. D. P11611.-IICOXING A IItiAREHOLDEX TX A

PI:BLIC COMPANY.

This insolvent, a government clerk, who applied under the
Protection AM, was rimmed by Mr. These on the part of
Mr. M'Crietb, the oHctsl manager of the London and
County Assurance Company, under the Winding-up Act;
Mr. Bergood supported.
Some years ago the insolvent had a legacyof 1001. left him,
end invested the same in share* of the Landis and County
Assurance Compiny, thinking it • safe investment, and that
it was the extent of the liability. He was now declared to be
one of the contributoties, and his liability ascertained at
1,062 f., under the Winding-up Act, by the Court of Chan-
cery. Application had been made to him for the money. end
terms were proposed by hie attorney which the official
manager could not accept. It appeared that the insolvent had
disposed of a reversionary Interest be poisoned in some pro-
perty, sad had also sold some furniture, with the pr seeds
of which he paid several members of his family. in full, and
offered the balance, 801., to the official manager in discharge
of his debt, which sum was refused, and the same was
paid into the court to satisfy the only creditor on the sche-
dule namely, the official minim of the London and County
Assurance Company.
The complaint was that the insolvent had no right to pay
his relations in preference to the official manager after appli•
cation had been made to him, and he knew the extent of his
liability to the compare
Mr. M'Crieth, the tidal manager, was called, and proved
I sending notice to the Ineolvene, and mentioned the terms pro-
posed by his attorney. lie (Mr. 81•Crieth) said if 2001. was
offered, with en a® davit of the iciaolveat's circumstances, be
would apply to the Court of Chancery for permission to take
the money. The official manager said the liabilities of the
company wen from 8,0001. to 1{,00(1. and the smuts about
1,0001. The costs might be 1,0001., sad perhaps 1,0001. more
might be got in from parties liable.
Mr. COMIIIII.6OINK Murphy said the dividing point in this
cue was that the insolvent had chosen to pay his relatives
In full after he knew Ids liability to the company.
Mr. Bargood said the insolvent had been cheated In tte
first instance, and to this "miserable company" he was
now declared to be a debtor to 1,0621. It bad been meet
disastrous to him. _ _ _

Mr: Dowse remarked that his point was that the iseolvent
was sot jumilled b esffiag all hie property, paying his own
friends 20e. in the pound, and then offering the remainder,
801. to the mummy.
Mr. Cmnieer Murphy thought the beat course would
be to name the day for the dual order, and by that time it
would be mew whether any arrangement could he made,
by the relatives giving up a portion of the money they had
been paid.
The 21st June was accordingly appointed sad the peotee.
time renewed.
The court adjourned till Thursday.