The Sun.
London, England, 1861-06-22 00:00:00

THE BANKRUPTCY BILL.

The following resolutions regarding the mutila-
tions of the Bankruptcy Bill by the House of Lords
have been adopted by the Associated Chambers of
Commerce :

" BANKRUPTCY AND INSOLVENCY BILL.
"At a special meeting of the Standing Committee of the
Associated Chambers of Commerce of the United Kingdom,
consisting of the following Chambers, viz., Belfast, Bir-
mingham, Bradford, Bristol, Coventry, Dundee, Dewsbury,
Glasgow, Glocester, Hull, Kendal, Leeds, Liverpool, Nor-
wich, Sheffield, Southampton, Staffordshire Potteries, Wol-
verhampton, charged by special resolution of a general
meeting of the Association to consider the subject of Bank-
ruptcy and Insolvency Laws, with directions to take action
thereon.

"After very careful consideration of the various altera-
tions made by the House of Lords in the Bankruptcy and.
Insolvency Bill, introduced by her Majesty's Government,
it was resolved unanimously,—

"That this Committee strongly disapproves the rejec-
!ion of clauses 123, 124, 125, 128, 130, 133, 134, 135, 136,
145, relating to the appointment and powers of creditors'
assignees. Also of the rejection of clauses 181, 182, 185,
186, 187, 188, 189, 190, relating to the mode of rendering
accounts, and to the payment of dividends. Also of the
rejection of clause 119, giving power to creditors to accept
proposals made by bankrupts. Also of the rejection of
clauses 223, 224, 225, 226, 227, 228, 229, empowering the
Court of Chancery to delegate certain matters to the Com-
missioners, &c., of local courts.

" That this committee also disapproves the following
alterations and additions made to the bill by the House of
Lords :

" The alteration in clause 118, depriving the creditors of
the option of removing the case from the court; the altera-
tion in clause 148 with reference to accounts ; the altera-
tions in clauses 193 and 195, rendering the assent of three-
fourths in number as well as value necessary t 3 give vali-
dity to deeds of arrangement; and alterations in clause 200
to the same effect, together with that requiring all the pro-
perty of the debtor to be comprised in the trust deed.
" Also to the last paragraph of clause 100 ; to clause B
at page 25, substituted for clause 103, favouringnon-traders;
and to paragraphs F, G, and K, pages 33 and 34, so far as
relates to the word non-trader.'

That this committee approves the paragraph printed
in red ink at the close of clause 208, provided '3O days' be
suLztituted thoroln. Tor Maya:

" That the alterations above mentioned would deprive
the bill of its principal value in the estimation of the mer-
cantile community; and this committee earnestly trusts
that the House of Commons and her Majesty's Govern-
ment will offer to those alterations their determined oppo-
sition.

" ' That a memorial based on the above resolutions,and
signed by the chairman, bo presented to her Majesty's Go-
vernment.

" ' That a copy of these resolutions be forwarded to each
Associated Chamber, with a strong recommendation that
they immediately petition Parliament in accordance there-
with ; to the National Association for the Promotion of So-
cial Science; to the Mercantile Law Amendment Society;
and to each member of the House of Commons.'
" CHARLES M. NORWOOD, President.
" Office of the Associated Chambers of Commerce)
30, Parliament-street, Juno 19."