The Sun.
London, England, 1856-12-22 00:00:00

LAW INTELLIGENCE.—(This Day.)

COURT OF BANKRUPTCY.
(Before Mr. Commissioner tiolroyd.)
IN RE THE ROYAL BRITISH BANK-APPLICATION FOR

APPOINTMENT OF A RECEIVER.

To-day having been appointed for the consideration of
the petition to his Honour to direct application to the
Court of Chancery for the appointment of a receiver under
this bankruptcy, a number of persons were in attendance
at the hour appointed, 12 o'clock, but the caso was not
brought on at that hour, and it was stated that the delay
arose as the solicitors for all the parties to the different
proceedings were engaged in endeavouring to agree to the
terms of the order. After an hour his Honour took his
seat, and Mr. Lawrance for the petitioners, Mr. Read
for some of the directors, Mr. Linklater for the assignees,
and other professional gentlemen for creditors attended.
Mr. Lawrence said that he appeared in support of the
petition by R. C. Newbury and other creditors who had
proved their debts. He referred to the judgment of the
Lords Justices delivered on Friday, and argued that,
under the 20th section, 7 and 8 Vic., c. 111, the assignees
might petition the Court of Chancery for the appoint-
ment of an assignee for carrying out the object of the
act. The only question appeared to be whether this
was the proper time to present the petition. He con-
sidered that it could not be maintained that the applica-
tion must stand over until all disputes in Bankruptcy
had been settled. He considered that great evil
would arise from any delay, for the shareholders
would, unless protected, be compelled to convert
their property into capital and quit the coun-
try, which would tend to their ruin and the most serious
loss of the creditors. It was therefore highly desirable
that a receiver should be appointed as soon as possible.
He saw no reason why the machinery of both Courts
might not operate together without any confliction
of rights or interests—all that was desired was that the
Court would put the assignees in motion, in order to
facilitate the winding-up •f the affairs under the
bankruptcy. He referred to the cases of the
Royal Bank of Australia, and of Messrs.
Wright in bankruptcy, and under the Winding-up
Act in which calls were wade on the shareholJers long
before the estates were realised. He considered that
the administration of the estate, under the bank-
ruptcy, would be beneficial to both the creditors,
but unless a receiver were appointed to afford the share-
holders protection, or otherwise, be could not hold
out any hope of a dividend of 20a. in the pound, but an
enormous deficiency.

Mr. Lawrance called Mr. Harding, but it was stated
that he had left the Court, having been sent for by hie
Honour the Vice-Chancellor.

The case was proceeding when our despatch left.

ELECTION OF COMMON COUNCIL-
MEN—(This Day.)

Sunday being St. Thomai's•day, the election of gen-
tlemen to fill the office of Common Councilmen for the
various wards of the City took place to-day. The fol-
lowing gentlemen were elected for the undermentioned
wards :

ALDGATE WARD.
Messrs. Whiteside, deputy, I Messrs. Burnell,
Turnley, Hudson,
Rucknall, Stephenson,
Osmond, I Hill.

ALDERSGATE.
The whole of the council re-elected.
BISHOPSGATE.

Messrs. Peacock, deputy,
Stevens, deputy,
Lambe,
Edmiston,
Patten,
William Jonas,
Warren,

Messrs. Stopgood,
%V. H. Pilcher,
Carr,
Ashby,
T. S. Crowden,
C. Gilpin,
G. Taylor.

BREAD•I
Messrs. W. Hawtrey, dep.
N. Maughen,
D. Laurie,
J. P. Snell,

ITREET.

Messrs. J. J. Millard,

F. Maynard,
W. Patten,
J. Smith.

Messrs. T. Pewtress,
J. Hill,
J. Low,
H. Matthews,
BROAD.,
Messrs. W. Hartridge, dep.
W. Cox,
W. Foster,
H. Brown,

Messrs. C. Whethern,
J. Arnold,
J. Johnson,
W. Dray.

ITR EET.
Metsers. T. Corbey,
J. Humphries,
C. Wharton,
T. Abraham.

Bess:
Messrs. Britten (deputy),
W. Lister,

IHAW.
Messrs. C. E. Taller,
A. Locke.

Messrs. Dakin,
Towse,
Elliott,

MICK.
Messrs. Frinneb,
Matthews,
Rowe.

CANDL:

CABTLE
Messrs. Deputy Hicks,

ATNARD.
Messrs. G. J. Cocker°ll,
T. Parker,
C. Odell,
W. Willey.
Column.

F. Fairer,
Alfred Adlard,
C. Hawkins,

Meetirs. E. Harrison,
R. C. Randell,
K. Johnston.

Messrs. D. Nicoll,
H. Hoppe.

QUEENHITHE.
The Carnmon Counoil for the past year were re-elected.
WALBROOK.
Messrs, E. Conder (deputy) Messrs. Thomas Rowley,
Ford, H. E. Murrell,
Hale, T. E. Fry.
William Dawson,