The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1848-02-29 00:00:00

that he" has a good defence to su

compound for it to the
or enter into a bond.

latisfaction c

th two s

which IT

• oe recovered in any action then brought,
ase no order shall issue. To obviatd the
frequently experienced in serving the
Ei notice, summons, &c., he proposes that

_ids, anu
than the other part.
The CHAIRMAN said, in reply to questions, that £20,000
of the balance of £106,000 was paid in cash; and that of
£222,180 called up, the amount paid was £165,437.
Mr. HOSTAGE moved that such part of the report only
as referred to the dividend should be adopted; and that
After a vesting order shall have been made, no the remaining part, with the statement of accounts, should
bill of sale, execution, or judge's order, shall be be referred to a committee of shareholders, to report to a
available to the creditor,After considerable discussion, of a somewhat unplea-
sant but interesting character, a motion, proposed by Mr.
who must prove .along special meeting on the subject.
Kith others ; and. if a debtor in embarrassed cir-
Catterall, and seconded by Mr. Trevor, of Chester
was
cumstances shall suffer a creditor to sell any part
of his stock, to the prejudice of his other creditors, passed, to the effect that the report should be referred
back to the directors, e quest, on the part of the
and a vesting order shall be made of his estate
shareholders, that wouldo call a meeting as soon as
and effects within a few months of such sale,
and they were in a position:to o so, to report on the general
such debtor shall be deemed guilty of fraud, posture of the company s affairs, and of the accounts espe-
subject to imprisonment. The court is to have a 'ally discretion to make special orders, with consent of ci
The Rev. Mr. BIRLEY, after many expressions of regret
creditors and debtors, by which arrangements may called, amid applause, upon those directors concerned in
be made, which will save the expense now incurred the loans to the Dock Company, 4Cw.,alitiotertwtsaeisorecisutuihlteteirwottrulltshte.
of annulling a fiat. A clause is also proposed, res.. Mr. JOHN LAIRD said should
training the executors and administrators of insol- that
aboutt rto
_hboeu institutedldbehfeayfigrostn.e into. As far as his
vent persons from giving undue preferences, under coantdut c.e mwaast concernedea in regard of the company he had
the penalty of being made personally liable for any nothing to f . He had been connected with the com-
debts thus left unpaid:" By this clause the affairs pony since its formation. There might be errors ofjudg-
of such deceased insolvent will be placed under the ment, but everything he had done was for the best. After
jurisdiction of the court, ane the executor thus re.-
the investigation, he would take the course which his cis.
cretion might suggest.
lieved from responsibility. Provision is also made Mr. WM. LAIRD expressed similar sentiments.
l'w facilitating the proving of debts, , A *H4RELLQI.DER thought the Gentle which the Ir.

to leave such notice or sum-
rith his wife or servant, or in

, consequently, in a worse position

) be found to post upon
his last known place of

residence