The Sun.
London, England, 1835-08-14 00:00:00

BANKRUPTS' ESTATBS BILL.

year.

" A Bill (as amended by the Committee) for investing in
Government Securities a nortion of the Cash lying unem-
ployed in the Bank of England belonging to Bankrupts'
Estates, and applying the interest thereon in discharge of the
expenses of the Court of Bankruptcy, and for the relief of the
suitors in the said Court." The preamble of this Act refers
to the creation of the new Bankruptcy Court in the first and
second years of his present Majesty's reign, and recites several
appointments made in pursuance thereof. It then proceeds
to state the disposition of the fee fund for paying salaries to
officers of the new Court, and for granting compeniation to
the late Commissioners, &c. It also sets forth, that accounts
have accordingly been opened in the Bank of England by the
Accountant-General,. called the " Secretary of Bankrupts'
Account," and another, intituled " 'The Secretary of Bank-
rupts' Compensation Account." And that as large sums of
money, which are now lying dead and unemployed, have been
placed by official assignees to the credit of the several Bank-
rupts' Estates—and whereas there is no legal provision other
than by fees for the payment of clerks, and other incidental
expenses ; and that as these fees, or a part thereof, will be
rendered unnecessary, in the event of another fund being
created to meet such unnecessary demands—a part of the
money in the Bank belonging to Bankrupts' Estates shall con-
stitute a fund, to be called " The Bankruptcy Fund Account."
Owing to the inadequacy of the Compensation Account,
2,4001. have been advanced by the Treasury, which is to re-
main, until repaid, a charge on this Account.
The appointment of the " Accountant in Bankruptcy," who
is to have a salary of not more than 8001., and into whose
name all Bankrupts' Estates arc to be transferred, is vested in
the Lord Chancellor. Salaries and other expenses are to be
paid out of " the Bankruptcy Fund account," which will be
partly formed by unclaimed dividends, and any undivided sur-
plus of Bankrupts' Estates, with the interest• to be allowed
by the Bank thereon. A retiring allowance of 4001. a year
to Mr. Elley, Chief Clerk in the Secretary of Bankrupts'
Office, is proposed.
The pith Clause is not the least important. It enacts—
" To the end that no suitor or suitors of the said Court of
Bankruptcy may be delayed in payment of any money due to
him, her, or them, but that every one may receive his or
her full demand, whensoever he or she shall apply for the
same, in the most easy and expeditious way ; be it enacted,
that all the money and cash now deposited in the Bank, or
that shall at any time hereafter be paid into or deposited in the
Bank, on the account of Bankrupts' Estates, or in any matter
of Bankruptcy, shall be and be accounted and taken to be one
common and general cash, and shall be promiscuously issued
and issuable, for the answering, paying, and clearing the debts
and demands thereon."
The expenses of proceeding under this Act are to be paid
out of the fund, which, in case of its insufficiency, is to be
met by Parliament, and shall be considered a debt due from the
public. -

A Btu to facilitate the formation and establishment of Pub-
lic Institutions for the diffusion of literary and scientific infor-
mation, including Libraries. Museums with Halls of Public
Meeting, for business or entertainment, in such places as do
not at present possess these facilities :
The following is a summary of Mr. Buckingham's Bill. The
first clause gives power to any 50 rate-plyers to require the
Mayor, or other chief civil authority, to call a public meeting
for the purpose of considering the expediency of establishing
Institutions under the Act; and ill the event of the Mayor re-
fusing to accede to the requisition, any three or more of the
requisitionists themselves may call a public meeting, after
giving three days' notice.
Meeting to decide whether Public Institutions shall be esta-
blished. Decision to be taken by vote. The whole of the rate-
payers to be bound by the decision of the meeting.
A Committee to be appointed. The mode of election to be
the same as in municipal questions. A gift of 1001., or 101.
annually to constitute a life governor. One third of the Com-
mittee to go out annually.
Committee to make buildings, for which unlimited competi-
tion is contemplated. Committee may borrow money for such
buildings, provided that the loan raised do never exceed the
proportion of 10s. for every inhabitant.
For the redemption of capital and the payment of interest, a
public fund is proposed to be created. This fund or stock is
to be open for investment and transfer, like other stocks ;
the interest 5/. per cehtum,-and redeemable in twenty years
by paying off annually five per cent. of the principal, so'that
at the end of twenty years the whole of the buildings forming
the public institutions May be free from all incurnbranees.
An us::esament of not more tUan ad. in the pound on each

assesmnent, or 6d. in the pound on the rental within
years may be made.-
The 14th Clause establishes rules (amoncrst which
prohibition of intoxicating drinks) to be folloWed by the Coil'
mittee, who are also empowered to make other rules. Minutes
of pEcNediags and of accounts to be kept, and to be published
annually. Committee to appoint treasurer and other• officers•
Meetings upon rz•fluisition not to be more than once in n 'rest..
It is proposed that Act, which is to extend to Ireland,
shall come into operation :In the Ist of October in the present

DEPUTY LIEUTENANTS.
An Account of the Number of Deputy Lieutenants in cell
County in England, Wales, Scotland, and Ireland:—

Beds ..
Berks

ENGLAND AND WALES.
391 Nottingbam ........ o'• . •••
831 Oxford

..,3 Oxford
Bucks - 87 Rutland
Cambridge 74 Salop
Chester
Cornwall 54 St fiord
Cumberland
Derby 96 Surrey...
Devon 167 Sussex
Dorset 65 Warwick ...... •.• ..,
Durham 79 Westmorland ... 19
Essex
&I
Gloucester 93 Worcester
Hants - 78 East Riding 72,
Hereford 67 Yorkshire West Ditto... '297
Hertford 63, North Ditto.• • 1219
'
Huntingdcn ........ ...
Kent
Lancaster
Leicester
25 rm
Holland Parts 9 Z ,),1
cCaarnaanrt.ohen n ............ .• • 25
...-
Lincoln Kesteven ...28 i ' Denbigh l9
Lindsey ...... ... Fiiotshire
74
Middlesex
20
Monmouth
Norfolk .... 177 Montgomery . .
Northampton 46 Pembroke • d
Northun.b Aland Z 54 Haverfordwest ............ 6
Berwick-upon-Tweeds Radnor ... . .......... ••• 5(
Observations extracted from the Letters of the Clerks °
the Peace of the Counties under-named : • - •
Hereford.—" Of these ten are not resident, or do not act'
from age or infirmity."
Lindsey.—" No means of making out an accurate Ito
tal°
in the division of."
Oxford.—" Seven of these have ceased to have any CO.
nexion with the county."
Leicester.—" Others have been appointed, but to rilist
number I cannot say."
No returns sent by the Clerks of the Peace of,the conetil.
of Carnarvon and Denbigh.

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