The Sun.
London, England, 1856-07-23 00:00:00

Tfi2 6UN LoNDO it', WEDNESiIiA _EVE. I.t JULY 235 16 6t

LINES LEASED AT FIXED RENTALS.

LIMITED LIABILITY.-LAW OF PART-

what no statute which human ingenuity can devise is
sufficient to achieve—namely, exemption from the possi-
bility of abuse—the legitimate °frets of the measure
seem to be very effectually wrought 00 ; and the privi-
lege of associating in profitable adventure, without in-
curring the risks of unlimited partnership, Are secured
for the public on safe and easy conditions.

IVERSHIP.

Leacia. C Priem, 'menage
Ri.r. Po. ci. IsinLwAYM. Compan this (14. ;him :3 •
V! sr.. Belford and Lond(a &
Blatz..bloy N. Wert. ~.
St. 100 Bnekghamsh. L&N.W. 95 100
St 100 ClydesdaleJc, Caledon 100 105
15 all Col. Stour Vy, E. Un. &
Sud. and Hal. E. C l2 14
St. 100 E. Lin. g.fi pc. Gt.rTrtun 135 139
5 all E. Un. H. Sh. E. Count 4 4i
St. 100 Gins. Barr. & 'qaldonian
Neils. Direct •..
St. 100 Do. New......1D0 —
2"t all GlstrA Dn.Pr Gt. Westn 23 30
9) all Hrtlpl. Dk. & Yk. New.
Railway & Berw.
50 all Hull & Selby Y. &NM, 107 109
25 all Do. Sharer. Do ••• lore
12d all Do. Shares. Do •••
1.2 i all Lon.&Greenw S. Eastern 12 - IP4
10 all Do• Preference Do 23. 244
St. 10,.) Lon., Tn., &S. Pao &Co ll4 117
St 100 Lowestoft gr.
4 per cent. Norfolk._
1.00 Do. 6 per ct. Do ••• •••
5. all Manch. Bstn. L.& N. W
and Matlock & Midld 2i —2i
50 all Middlesbro' & Stektoir&
Redcar. . Darliugt.
t. 1.00 Midld.Bradfd Midland 94 96
54 Newmarket
Bury E. G.spc En. Coml. 4 A n pm
50 all N. 4 Est.s p. c. E. Count. 58 ,
;0 all Do. 6 per ct. Do •.. •••
/0 all Do. Fisods pc Do — •••
'5 all Prost. & W yre L, &N. W
all Do. Shrs. A Do
it. 1.00 Roystu.&Hit. GtNorthu 135 133
5 18? Shot Roth.and Lancash&
Gooleg.s p.c. Yorksh.
0 all Shrews.&Her. T. Brassey 74 8
2 10i S. Staffordsh. M.MClean 2t
0 4.11 Wear Valleygr Stockt. &
6 per cent... Darlingt. lore
5 all Do Do 33)j• —34 i
100 Wilts&flomrst GtWestn 9O -- 94

This measure, according to a good I‘.liniAerial autho-
rity, is much too complicated, and conceals the great prin.
ciple which recommends it to one party and has excited
the fierce hostility of another— " limited liability"— u ndcr
its title of " Joint-stock Companies Bill." It is for the
i s .rporation and regulation of joint-stock companies and
other associations, and is intended to supersede the pre-
sent enactments on the subject. It is carefully and sys-
tematically drawn and is divided into five parts. The
first treats of the constitution and incorporation of com-
panies and associations ;" the second, of " the manage-
ment and administration of them ;" the third, of
" winding-up ;" the fourth, of the " registration-offica ;"
and the fifth relates to the " repeal of former acts and
temporary provisions." The bill has 117 clause', and,
with the schedules, it fills 54 pages. It repealA, with
some reservation as to insurance companies, the 7th and
Bth Vict., c. 110, the 10th and 11th Vict., c. 78—the
Joint-Stock Companies' Registration, Incorporation,
and Regulation Acts ; the 18th and 19th Vict., c. 133,
the Limited Liability Act of 1855, with a reservation as
to any companies completely registered under the 8:11 of
her present Majesty. It repeals also the 11th V ct., c.
45, and the 12th and 13th Vice., c.lOB, being the Wind-
ing-up Act, so far as concerns companies registered under
this act. It is intended to comprise, therefore, the
whole law on joint-stock companies and associations, and
is a consolidating, repealing, and amending act. Its chief
and numerous provisions are a re enactment, with
amendments, of the existing acts for incorporating joint-
stock companies, for allowing companies to be formed
with limited liability, and for winding them up. Its
short title will be " The Joint-stock Companies Act,
1858."

LOBBY OP THE IPM3P.;_,OP COMMONS.-

FRIDA Y.