The Sun.
London, England, 1858-06-11 00:00:00

"and also the amount of all debts and liabilities of the
said limited joint-stock company, on the 31st day of De-
cember immediately preceding, signed by tsvc, diroctors
and the manager."
After a brief conversation the amendment was with-
draw-a.

Mr. II ASSARD proposed an amendment in the clause
with a view to require the word "limited" to be printed
legibly at the top of every.receipt given for any deposit
male with a banking company.
Mr. LOWE explained that the object of this amendment
would be fully attained by the 30th clause of the Limited
Liability Act of last session, which was to be extended to
joint-stock banks.

After some conversation the amendment was negatived
and the clause agreed to, as was also clause 4.
Mr. WEGUE LIN said, there was an essential difference
between banking and ordinary business which called for
modification in the principle of limited liability as applied
to banks. It was desirable as a matter of policy that some
legislative guarantee should be taken for the credit and
stability of banks, the functions of which in some respects
resembled those of a trust. The peculiarity of a banker 'e
business was that he held almost all his money payable on
demand, and his very safety rested on the forbearance of his
creditors. There ought, therefore, to be some security for
the creditor in the event of the insolvency of the bank-
The hon. member concluded by moving the addition of the
following clause :—" If a banking company constituted on
the principle of limited liability shall become insolvent, all
and every the proprietors for the time being of any ill'
terest or share in the capital thereof are individually
liable in their persons and property to be called neon W
contribute for or towards the payment, satisfaction, or
discharge of the debts, liabilities, and engagements of the
said company, not only such part or parts of all and every
share or shares held in the capital of the said company as
shall not have been heretofore called for and paid up, but
also all such further sums of money, not exceeding the
amount of the share or interest held by such proprietors
respectively in the capital of the company, as shall be re-
qui•ite and necessary to pay, satisfy, and discharge the
debts, engagements, and liabilities of of the company."
Mr. T. HANKEY hoped that his hon. friend would not
press this clause, because it was entirely opposed to the
principle of the Sill, which was to leave every one to pr-
tcct himself, and not to attempt to protect them by leg's'
Wien.

Mr. CHEETHAM also opposed this insertion of the
slause.
..

Mr. HEADLAM could not accept the clause, because it
was quite at variance with the principle of the measure..
Mr. CROSSLY said that the clause was unnecessary,
because it was already the practice of joint-stock banks to ,
call up only about half the amount of the shares.
The committee divided, when the numbers were :
For the clauss 4O
Against it 123
Majority

On the que;tionvtbat the CHAIRMAN leave the chair,
Mr. COWAN said that, notwithstanding the high an•
thority in favour of the Bill, he doubted whether it was
one that deserved the approval of the House, and he would
move that it be read a second time that day six months!.
(Laughter.)
Mr.WILSON had intended to move as an instruction to
the committee that the provisions of the bill should be In
altered as to include insurance companies, but he found on
looking more carefully at the bill that, in order to cart/
out his object, it would be necessary to introduce special
clauses which might be inconsistent and inconvenient in *
measure relating to banks. He wished, however, to ask
the Chancellor of the Exchequer whether he would have
any objection to introduce a bill for the purpose of placing
insurance companies upon a more satisfactory footing.
(Rear.) After a very patient inquiry before a committee -
n 1853 the late Government bad framed a measure on the
subject, which was introduced last year, and they had
since prepared another bill, which, had they remained in
office, they intended to submit to the house. Ho thought
it much more advisable that a measure on such a subject
should be introduced by the Government than by a private
member, and he wished to know whether the Chancellor
of the Exchequer would take up the question I
The CHANCELLOR of the EXCHEQUER replied that
the subject was undoubtedly one of considerable import'
ante, and under ordinary circumstances he would bays
been happy to meet the views of the right hon. gentleman,
bat in the present state of public business he could not
undertake to bring forward a bill.
Mr. LOWE observed that such a bill as was indicated,
by the hon. gentleman (Mr. Wilson) might be comprised
in ono or two clauses consolidating the various measures
relating to the subject.
The CHANCELLOR of the EXCHEQUER repeated
that in the present state of public business, he could not
promise to prepare such a bid.
The house then r:sumed.
DRAUGHTS ON BANKERS LAW AMENDMENT

BILL.
The ATTORNEY-GENERAL moved the second read'
ing of this bill, stating that it was his intention to add
clauses which he trusted would meet the wishes of al;
parties. He should move to-morrow that the bill should
be committed pre forma, and he should postpone to re-
commit the bill on a future day.
Mr. GLYN trusted it would be understood that all/
question arising on the principle of the bill might be full
discussed upon the committal of the bill.
The ATTORNEY-GENERAL —Certainly.
The bill was then read a second time.
The Law of Property Amendment Bill was read a second
time, with the understanding that the discussion should
be taken on the motion for going into committee on the
bill.

WILLS OF BRITISH SUBJECTS ABROAD.
The ATTORNEY-GENERAL moved for leave to bring
in a bill to amend the law relating to the wills of British
subjects resident or domiciled abroad, and to the granting
of administration to the estate and effects of such persons
dying intestate. He said that the bill was substantially
the same as was brought in and passed through that house
during the lest session. He should not trouble the house
with any statement at the present moment, and the di'
cession might be taken on the second reading.
Leave was given to bring in the bill.
IRREMOVABLE PAUPERS.
Mr. ESTCOURT moved for the appointment of a select
committee on the operation of the Act of the 9th and 1001
Vict., chap. 66, which enacts that no poor person shall be
removable who shall have resided five years in any parish;
and of the Acts of the 10th and 11th Viet., chap. 110, and
the 11th and 12th Vict., chap. 110, which enact that the
relief given to such irremovable persons shall be charged
upon the common fund of the union. He said he had re-
ceived deputations complaining of the operation of these
acts, and he thought it desirable that the matter should
be full investigated.
Mr. BOUVERIE said it was most desirable that the
proposed committee should be appointed. The act expired
next session, and before renewing it Parliament ought to
consider the principles upon which it was framed, as well
as the effect of its operation.
Sir J. PAKINGTON hoped the committee would bee.
in mini the interests of the poor as well ac those of the
ratepayers. (Hear, hear.)
Mr. ESTCOURT, in reply to a question from Sir John
Shelley, stated that he did not intend to suspend, during
the inquiry by the select committee, the progress of tba•
bill which he had laid on the table relative to an aria"
went of the Poor Law. Ho was willing, however, to 1,0,".
pone the second reading of that measure for a fortnight'
The proposed inquiry would not include the question
the removal of Scotch and Irish paupers, except where the
parties had resided for five years in any parish.
The motion was then agreed to.
TOTTENHAM-COURT-ROAD ACCIDENT.
On the motion of Sir J. SHELLEY, a return was ordered
of the ver lict and presentment, and official report of xf•
Marsh Nelson, architect, made to Mr. Wakley, coroner o,
Middlesex, of the inquest on six persons killed at the 1101.
dent in Tottenbarn•court-road.

COUNTY RATES (IRELAND).
The select committee on this subject was nominated !!
follows :---Mr. Macartney, Sir Robt. Ferguson, Sir Brocu"
Bridges, Colonel French, Mr. Miles, Mr. Cumming Brno°,
Mr. Gladstone, Mr. Fortesene, Mr. G. A. Hamilton, IV.'
Henry Herbert, Mr. George Clive, Mr. Wilson, Mr'
egan.

THE KENSINGTON-GORE ESTATE.
The CHANCELLOR of the EXCHEQUER moved for
leave to introduc: a bill for releasing the lands of the Cc'alt.
missioners of the Exhibition of 1851, upon the repaYine!l
of moneys granted ia aid of their fends. This bill, he SO.d
was the one to which he referred the other night for (lir
solving the partnership between that house and the F,."1;
bition Commicioners in respect of the land purchased s.
Kensington-Gore. Ho did not intend to wake any state'
ment at present, but if he obtained leave to introduce
bill, he would by command present some papers WI:Isla
would be very convenient for a discussion on the secOn
reading.
The motion was agreed to.

GALWAY HARBOUR.
Mr. HAMILTON obtained leave to introduce a bill°
amend the Galway Harbour and Port Act ([853).
PEACE PRESERVATION (IRELAND).
Lord NAAS obtained leave to bring in a bill to continuo
the Peace Pfeservation (Ireland) Act, 185 g.
MARRIAGE LAW AMENDMENT BILL. into
On the motion of Lord BURY, the order for going in`
committee on this bill was read and discharged.
The house adjourned at 1 o'clock.

•
r A DVERTISEMENT.j —Holloway's Ointment and Pilla
have again Cured an Ulcerated Leg, after every other,
Remedy had failed.—Henry Winton, of Riokroell.°
worth, was for a long time an object of horror to
frieude, owing to his predisposition to ulcerous Wel'
He tried every remedy likely to benefit him, but they.
turned out of no avail ; finally, hie leg became so cf!ft;
pletely covered with ulcers that amputation of the lio
appeared to be the only thing likely to save his life ; „t
this juncture he had recourse to tiolloway's
and Pills, and in four months, by using these reroeu'rni"'
he WaR cured, to the astonishment of all who knew bi—;
—Sold by all vendors of medicines, and at Prole°
Holloway's Establishment, 244, Strand, London.

BIRTHS.
AuxExthe Is©v.s - On the Bth inst., at Ealing, the wifo of ---
Albert Aitkens, of a son.
PALMER—On the 9th inst., at 5, St. John's-terrace, -- ne-enee
park, the wife of J. N. Palmer, Esq., of a son. ffed
ST. AUBYN - On the 7th lest., at Shackle well, Airs. ,03-
o
St. Aubyn, of twin sons.
ll'
WHITE -On the Bth inst., at Bath, the wifo of Alge-rn -°
White, Esq., of a daughter.

DExt—lronowar---03: tAhelt9itthliAnstG,EatB.the district ehnflich to
St. Peter's, Notting-hill, Stanley, younger sou of der
Dent, Esq., of Str. atham-hill, Surrey, to Annie, th
d c•
daughter of M. Holloway, Esq., of Notting-hill.
FOSTER—FOOTNER—On the 9th inst , at the Abbey —.AL.&
(1, relit
Romsey, Richard Foster, Esq., of. Manor-road, Steo""of
hill, and 41), Moorga.te-street, to Jane, eldest daughter
George B. Footner, Esq., of Romsey, Hants.
DEATHS. lst°
ADES—On the 7th inst., at Oakham, William Ades, Esq'
57*
Clerk of the Peae3 for the county of Rutland, aged
ALDERSON• On the 7th inst , Mr. James Simpson Alde°
of Blook-green lane, Han:mersmith.
BROINwINiGtr), Ownralttlhieam9tAhbibuesyt;,
Essat
xtl:emir•se.sisduebnbcorii
of
13Cr°01°I1:11°-1
A
ing, aged 90.•
DICE— On the 3(1 April, killed, at the assault ou Jbansi,Wo 1'34
George Douglas Dick, Lieutenant Bombay Engineero,
23, eldest son of the late John Campbell Dick,ESCI.,
gal Civil Service.
Foann—On the 3d inst., at Hastings, Francis Fordo, VOq"
aged Si.

.ONDON • Printed and Published by MIJRDO 0
of 1.4. c. 112, Strand, Printer, at The Sus oce• •
t.:
112, Strait', in the Precinct of tba Savoy, in the Oct"
of Middlesex, Fri,luy, June 11, 1858.