The Sun.
London, England, 1852-06-19 00:00:00

Instead of four years' purchase being the price obtained
for estates sold under the commission, in many cases
twenty or twenty-one years' purchase had' been obtained.
Mr. BUTT suggested that the discussion of the grin.
ciple of the Bill might be taken on going
into Committee.
But as no promise was given by Ole Government that an
opportunity should be afforded him, the Honourable
and Learned Gentleman proceeded with
statementonoura ofble
a
th
his objections to the Bill. It was not asked b
ponents of the Bill that the proceedings of by
ceooupr-t
should be brought to a speedy termination, but that
those petitions before it, and no more, should be taken
and that no extension of the time for sales should be
allowed. It was not here proposed to extend the time
for salts or the distribution of the proceeds, but to ex-
tend the time for sending in petitions. This Bill gave
a right of sale to a class who never possessed it before,
and who were most likely to use it to the prejudice of
the owner. The argument against the measure when it
was first brought forward was, that it would, by forcing
a glut of property into the market, reduce the value.
But it was answered that it was necessary to get rid
of an encumbered proprietary, and yet, almost
immediately,: when that glut occurred, a pro-
posal was brought forward to allow the pro-
perty purchased through these courts to he encum-
bered to one-half their amount. The number of peti-
tions now before the court was 931, involving property
amounting to 800,0001. a year rental. Surely tuat was
su!fleient to occupy the court for the next three years
without giving them another year's petitions. Then
there were 2,000 0001. lying in the courts to be distri-
buted, and which had not been yet distributed in conse-
quence of the difficulty of deciding upon who were the
parties entitled. Add the value of the 800,0001, rental
to this, and the commissioners would have 10.000,0001,
to decide upon and distribute within three years. Was
not that business sufficient for them, without adding to
it that which must arise from an additional year's peti-
tions? The avenge of all the property sold under this
Act had been ten years' purchase, and he believed the
result of the depression in value caused by forcing so
vast an amount of property into the market had been
as injurious to the creditors as the owners of the land.
Yet this was the Bill they were asked to continue. He
asked the House to adopt the course recommended by
Lord Derby when the Act was passed to continue a
measure passed under special circumstances only so long
as such circumstances existed.

The House then divided, when there appeared—
For the motion for going into Com-
mittee on Monday... ... ... 78
For the amendment ... ... ... 6
Majority ... ... ... ... —72
The School Sites Extension Bill, and the Property of
Lunatics Bill, were read a second time.

The Master in Chancery Abolition Bill passed through
Committee, and the compensation clause was added.
The Representative Peers of Scotland Bill was read a
third time and passed.
__

The County hates Bill was read a third time and passed.
The Protestant Dissenters Bill was read a third time
and passed.
PIMLICO IMPROVEMENT BILL.

The House having gone into Committee on this Bill,
Colonel SIBTLIORP complained of the large expendi-
ture incurred for the royal palaces, especially Bucking-
ham Palace, for the alterations in which this Bill was
brought foward, and referred to the enormous charge,
for the removal of the marble arch, viz., 13,0001. and
upwards.
The clauses were then agreed to, and the House re-
sumed.
The Savings Banks (Ireland) Bill, the Inland Revenue
Office Bill, and the Thames Embankment Bill, were
read a third time and passed.
The Public Health Act (1848) Amendment Bill went
through Committee, and the House adjourned at Half-
past One o'clock.