The Express.
London, England, 1859-04-05 00:00:00

LAW AMINDMINT 8001311.-LAW OF
.111211103 AND CIUDITOIL

The fortnightly meeting of the members of this
society was had at their rooms, in Waterloo-place, lan
lit ; P. GOLDS/HD, Esq., in the chair.
fhe folio report of the committee which had been ap-
to consider the Lord Chancellor's Debtor and Cre-
rtittill and Lind John Buisels's Bankruptcy and lead-
TerThtillo= ofed
the Debtor and Creditor Bill and
the Bankvuptey sad lasolveney Bill having been referred to
the committee, they have to erne that, from the great =Met
of these tills, end the variety of provisions which they eon-
Uhl, the cosemietee have found ft to be impossible to report
minutely on their respsceive details ; and believing it to be
highly improbable that either of the Valearts will, in Ps
preset condition, receive the lISOCAOII of the legislature,
they have ant thought It atemsery to state formally what
appears to them to be objectionable In the principles of
meth. They have, therefore, agreed to the following resoln-
Ileum es embodying their own views of what is desirable in
• oyster/ of bankruptcy.
ern.t it to expedient to diminish the present expesie
of procedure in bankruptcy.
" 2. That all rear* allowasoss, end the salaries of all
judicial officers in the Court of Bankruptcy, should be paid
out of the Coasolidated Fond.
That the tdistinotion between trader and non-trader
should be abolished, and that ell debtors sheall be liable to
the gime lave.
4. That the present law of imprisonment for debt does
ant pone with undue severity on the debtor, and le mental
he Undue geoteetka tithe creditor.
.4. That gm*" faellitim than now lain should be given
to onstitere ler obtaining adjudication in bankruptcy.
.6. That mere prompt and tificaeoue moans should be
...aided to creditors for seeming the property of debtors for
equal distribution.
7. That the court 'lonia have power to suspend the dis-
charge of the debtor as to Fennel 1 ability, and to suspend or
wholly refuse such discharge as to property (subject to the
provision in resolution 10).
8. That the certificates or orders for such discharge
should be classified.
"9. That it is dateable that in the administration of
estates is bankruptcy greater uniformity should prevail In
titimeedgmeatis of the ooitimiaiiiners, and that the preset
of appeal la unsatisfactory.
" 10. That them should be • chief judge in tankrupW,
mho, violas with two comminioame in London or- the
ecantry, should form a court fur the decision of all questions
dawned adjudications, and, when required by the assig-
nees, the opposing creditor, or the bankrupt, of disputed ear-
dilates or orders of discharge ; and that each court should
he the court of appeal, from whose decieons there should be
no bather appeal, except in ease of • difference of opinion
"Mthe members, or by leave of the court.
. That proof of debts should be made either by a cre-
dit* at • public sitting, or by sttldavit made elsewhere,
eat transmitted to the assignee to be exhibited at a public
eittieg.
. 12. That public sittings should be held fee the Maisel=
of debts, the audit of amounts, and the whims Of dividends.
tt 13. That whenever an estate la admia:stereil be beak-
repay, it la expedient to multi the swim of Unaided
gnes
sesi.
" 14. That the annty courts should have jat:edietion la
all came of insolvency whim the debts 4a not tamed 3001.
" 15. That a casieroy of six-eeventhe of creditors in num-
bet and value should, in all cases of arrangement, amp-
utees, Ice., bind the minority.
"16. That, in Inch cases a copy of the deed or memoran-
dum, with names, 'immature", sod amounts, should be filed
in the Coast of Bankruptcy, and be open for the inspection
of creditors, but witbout further publicity.
17. That a debtor, between whom and his creditors a
privets arrangement is made under the above proves once,
shoat& epee complaint of a creditor within a Umbel time,
be liable to peasl cocetquences br frandukintly coatractiag
a debt.
"18. That the coeditor in cases of benlcruptcy should have
power to imprison his debt*, if, and for math time as, the
court shall think proper, and thst the court should have
poor to direct • prosecution in the care of fraud er gross
mimeedact.
ts 19. That, with regard bathe tanned dammed bravest
debtors, the eata'es of traders, at all events, amid he ed.
ministered in bankruptcy, without distinction of epeeist and
simple thatract debts."
Eveatually the first eight resoluttous were agreed to the
out sometimes, and the messes; edjaerned.