The Sun.
London, England, 1861-04-16 00:00:00

STAMP DUTIES.-HAWKERS AND PEDLARS.

11. That, towards raising the supply granted to her Ma-
jesty, in lieu of the stamp duty of £4 now chargeable for
or upon a license in Great Britain granted to any hawker
pedlar, or petty chapman who shall trade only in the man-
ner hereinafter mentioned, there shall be charged the stamp
duty following, that is to say :
For or upon a license to any such trading person who
shall travel and trade on foot without any horse or
other beast bearing or drawing burden, and who shall
carry his goods, wares, or merchandise to, and sell or
expose for sale the same at, other men's houses only,
and not in or at any house, shop, room, booth, stall, or
other place whatever belonging to, or hired or occupied
or used by, him for selline or exposing the same for
sale in any town to which he may travel,

. s. d.

Where such licence shall be granted for any
period not exceeding six months
And where the same shall be granted for any
period exceeding six months and not exceed-
ing a year

STAMP DUTIES—FOREIGN BILLS.
12. That, towards raising the supply granted to her Ma-
jesty, in lieu of the ad valorem stamp duties now payable
for or upon bills of exchange drawn out of the United
Kingdom for the payment of money exceeding £5OO, there
shall be charged for and upon every such bill of exchange
the stamp duty of Is. for every £lOO and part ofSlOO of the
money thereby made payable.

The business of the Nuneaton Bank (Messrs.
Craddock and Bull) has been transferred to the Coventry
Union Banking Company. The firm, which had been
established 46 years, has always held a highly respectable
position, and the cause of its relinquishment consists in the
age and infirmities of Mr. Craddock. It was entitled to a
fixed note issue of £5,898.

NEWMARKET RACES.—(This Day.)

BY ELECTRIC TELEGRAPH.
NEWMARKET HANDICAP.

Ebony 1
Parmesan
Sawcutter
Fifteen ran.
SWEEPSTAKES OF 100 SOPS.
Starlight beat Nautilus easy.
SALE STAKES.

Kildonan 1
Imaus
Captain Fortibus

Four ran.
HANDICAP SWEEPSTAKES OF 30 SOPS.
Benbow
Angelo

Four ran.
THIRD BIENNIAL STAKES.

Russley
Yorkminster
Asteroid •
Seventeen ran.
SWEEPSTAKES OF 10 SOVS.

Shingle .
Grenadier • • 2
Three raft.
SWEEPSTAKES OF 50 SOVS.

Starlight
Ellerton
Three ran.
SECOND BIENNIAL.

Avalanche
Eight ran.

LATEST BETTING ON THE COURSE.
TWO THOUSAND GUINEAS.
12 to 1 agst Diophantus (taken)
14 to 1 agst Matador (taken)
100 to 3 agst Janus (taken)
CHESTER CUP.
550 to 50 agst Mr. W. Day's lot
50 to 1 agst Bluestone (taken)
THE DERBY.
9to 2 agst Dundee (taken)
20 to 1 agst Kildonan (taken freely)
20 to 1 agst Big Ben (taken)
25 to 1 agst Klarikoff (offered)
35 to 1 agst King of Kent (taken)
50 to 1 agst Matador (taken)
1000 to 10 agst Janus (taken)
1000 to 15 agst Starlight (taken)
1000 to 5 agst Nautilus (offered)

IMPERIAL PARLIAMENT.

HOUSE OF LORDS.—(This EVENING.)
The Lofty CIIANCELLOR took his seat on the woolsack
at five o'clock.

PRIVATE BUSINESS.

The South-Eastern Railway (Capital) Bill was read a
second time. Tho Haslingden Union Gas and Swansea
Gas Bills were read a third time and passed.
BANKRUPTCY AND INSOLVENCY BILL.

The LORD CHANCELLOR rose to move the second
reading of this bill, which he hoped would meet with the
unanimous approval of their lordships. The house had
already giVen its consent to many of the most im-
portant of the enactments of the bill. The noble
and learned lord then referred to the state of the law
in the earlier years, and said it was not until the 4th of
Queen Anne that it was enacted that a trader who failed
and gave honestly and faithfully a full and true account o f
his debts and liabilities to his creditors, should be dis-
charged from all further liability, and should receive a doeu-
ment,which was in fact a certificate of conformity which pro-
tected him for the future from all liabilities of his bank-
ruptcy. Towards the end of the reign of George IV. the
bankrupt law was consolidated, and from that time down to
the present various other alterations were made for the
purpose of improving the state of the law. The appoint-
ment of official assignees was considered a great improve-
ment, but notwithstanding this great expense was
still entailed upon the estates of bankrupts before
the assets were realised for distribution amongst the credi-
tors. Great as had been the inconvenience in the case of
the traders, it was far exceeded by that attending the
case of non-traders. For them, for many years, there
was no relief except through the instrumentality of the
insolvency laws, which enabled the debtor to surrender his
property for the benefit of his creditors after he had lain for
three months in prison. His estate after that time was
divided between his creditors, and his liability to liquidate
his debts, if he afterwards acquired sufficient property ro
enable him to do so, still remained. Having reviewed the
different measures that had been introduced into Par.
liament with a view of amending the bankrupt law, the
noble and learned lord proceeded t) notice
the principal clauses of the present bill which had been
brought forward by: his hon. and learned friend Sir R.
Bethell. It was not, he said, intended to consolidate the
law, but to amend it. It did not do away with the dis-
tinction of trader and non-trader, but on a debtor
being proved insolvent, whether trader or non-trader, he
was to be dealt with by the same tribunal and under the
same law; the non-trader's property would be vested
in a trustee for the benefit of his creditors, and
he would therefore become free for ever from all his debts
contracted before his insolvency. Provision was also made
in the act to meet the cases of those persons who
fraudulently went abroad, and remained there, on
purpose to defraud his creditors. By some
of the clauses of the bill which had been framed by his hon.
friend Sir Hugh Cairns, the possibility was altogether pre-.
eluded of a person so resident being taken by surprise, for
he must have thirty days allowed to show cause
why he should not be declared insolvent. By the present
bill the Insolvency Court was altogether done away with,
and there was but one Court of Bakruptcy, which would
save a great expense and prevent a great deal of unnecessary
confusion.
[LEFT SPEAKING.]

HOUSE OF COMMONS.—(THIS EVENING.)
The SPEAKER took the chair at four o'clock.
PRIVATE BUSINESS.

The following bills were considered, and ordered for third
reading : —Elland Gas; Leeds, Bradford, and Halifax
Junction Railway; and Oldham and Ripponden Roads.
The Charing-cross Railway (City Terminus) Bill was
read a second time.
STREET RAIL 'COMPANY BILL.

On the motion for the second reading of this bill,
Mr. CHILDERS, on the part of the promoters, moved
that the second reading be postponed for a fortnight.
Mr. SCULLY moved that the bill be read a second
time that day six months. He contended that this was a
bill which should not have been brought before the house.
The object of the measure was to give a monopoly to a par-
ticular company t 3 enable them to possess themselves of all
the streets throughout the kingdom. It was not a bill of a
public character, and if passed would enable the promoters
to lay down rails at discretion, and he contended from the
importance of the object that it should have been brought
forward as a public bill. (Hear, hear.) With regard to
the provisions of the bill he drew the attention of the
house to the fact that when the proposed tramways
were laid down there was no power to take them
up. The hon. and learned member read a section of the
act in support of his assertion.
Sir J. SHELLEY seconded the amendment for the read-
ing of the bill that day six months. The gentleman
who had proposed the postponement of the bill
for a fortnight had shown no ground for his
proposition. The house was now full, and the amendment
of the hon. and learned member (Mr. Scully) having been
on the paper, members were aware of what they were now
called on to consider, so that they came to the house pre-
pared to deal with the question. Mr. Train had laid down
one of these tramways in Victoria-street, and having inspected
it, he was satisfied that the system could not be extended with
safety to the crowded streets of London. He heard that a
serious accident occurred that morning in Bayswater,
which arose from the fact of there beinmb, no means of pre-
venting horses running away. He objected to the bill, also,
on the ground of its conferring a monopoly.
Mr. BRIGHT said that arguments might be urged
against the bill, but those which had been used were of the
most antequated, and might have been applied with equal
force to the construction of railways 30 years ago. With
respect to the accident alluded to, he believed that any
one acquainted with the mode of transit proposed by
this bill would see that it was calculated to diminish the
occurrence of accidents in the public streets. The bill was
merely permissive, and did not give any such powers as was
alleged, but merely enabled a company to treat with those
persons who were authorised to deal with the question of
public transit in the metropolis and throughout the kingdom.
There was only one matter to which the house could object
in reference to this bill, and that was the limitation as to
the description of vehicles to run upon these tramway s,
which were intended to provide a remuneration to the pro-
moters of the company. Ho thought, of course, that that
company should look to compensation, but the question
should be referred to a select committee. He had put his
name on the bill from a belief that it was likely to promote
public benefit, and as he was anxious that it should be
fully considered he would vote for its postponement for a
fortnight.
Mr. MASSEY objected to the bill on the ground that
from its importance it should have been brought forward
as a public instead of a private bill, for it was in reality a
public measure. (Hear.) From clause 14th it was evident
that the bill proposed a monopoly to a certain company,
to which he strongly objected, considering that the object,
prop sed was one of a public character, and be contended
that a bill like the present should be introduced only with
the sanction of the Government. (Bear, hear.)
Mr. CHILDERS said that after the intimation of the
hon. member who had just addressed the house, he would
consent to withdraw the bill provided there was an under-
standing that the subject would be taken up by her Ma,,
jesty's Government.
Mr. HENLEY considered that it would be better to ac-
cede to tho proposition for the second reading that day six
months, which would merely pledge the house to a disap-
proval of form in which the bill was brought forward,
namely, as a private bill and not of its principle.
Lord FERMOY opposed the bill. The amendment for
reading the bill a second time that day six morths was
agreed to without a division, and the bill was accordingly
negatived.

BELLIGERENT RIGHTS.
Sir G. GREY appealed to the hon. member for Liver