The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1846-07-07 00:00:00

LAW INTELLIG EN CE.

Dr. Bateman, chief clerk to the excise, has been ap-
pointed to the solicitorship of that department.
The following gentlemen of the Chancery Bar have been
appointed Queen's Counsel :—Mr. Walpole, Mr. Bacon,
Mr. Willocks, and Mr. Rolt.
In the District Court of Bankruptcy, at Newcastle-
upon-Tyne, on Thursday week, the learned commi,ioner
took an opportunity to announce, for the information of
practitioners, that in future the practice of allowing, in
certain cases in the discretion of the Court, the sum of
six pounds to a bankrupt out of his estate, on obtaining
his certificate, would be discontinued.
RIGHT OF STOCKBROKERS TO RECOVER IN ACTION
FOR DIFFERENCES.—ILLEGALITY OF TIME. BARGAINS.
—The case of Whitmore and others v. Radcliffe came on
in the Court of Exchequer on Monday. It was an action
by stockbrokers to recover from a clergyman resident at
Salisbury, the sum of £1420 for commission, and differ-
ences paid in respect of purchases of consols made upon
the retainer and by the orders of the defendant in the
months of October and November of the last year. The
purchases amounting to £40,000 consols, were made in
the month of October for the settling-day in November,
and the panic in the money market having set in between
the day when the purchases were made and the settling-
day, there was a large sum to pay by way of differences,
which sum was duly paid by the plaintiffs, who sought to
recover it in the present action. There was no actual
transfer of stock completed, arid the witnesses called to
prove the sales to the plaintiffs, and who were of the class
denominated in the market " jabbers," admitted that they
bad no stock in their own names in the funds equal to the
amounts sold to the plaintiffs, and that if the consols had
got up instead of falling, they should only expect to be
called upon to pay the difference, and not to make an ac-
tual transfer of the stock. The witnesses, however,
stated that upon the settling-day, if they thought fit, they
might have called upon the plaintiffs to name the party
for whom they bought instead of taking " the difference,"
and asking no questions. It was contended for the de-
fendant, under these circumstances, that the transactions
were illegal under the stat. 7 Geo. 11., chap. 8, s. 5, and
that the plaintiffs could not recover as for money paid to
their use, inasmuch as the plaintiffs were under no legal
obligation to pay the differences.--The Chief Baron left
it to the jury to say, if the transactions upon which mo.
nies were paid by the plaintiffs to " the jobbers," from
whom they purchased on behalf of the defendant, were
" time bargains," and the jury having found this question
affirmatively, a verdict was entered for the defendant, on
the counts raising this defence, and for the plaintiffs on
the remaining counts.

THE REVENUE

An Abstract of
Britain. in tl
July, 1845 at
crease thereof

the Net Produce of the Revenue of Great
,he Years and Quarters ended the sth of
nd 1816, showing the Increase or De-

YEARS ENDED JULY 5

1845. I 1846. I Incr. I Deer

X I £
115,00 f,
125,000 100,000
19,807,044 17,688,4611 .... 2,118.583
12,074,999 12.025,112 49,88778,024
6,846,883 6,988,940 142,657 •
4,228.441 4,229,899 1,458
5,626791:905004 5,719834;900012
• • • • 25,000
658,819 1,384,096 725,27;

49,682,140 48,391,420 983,792
410,145 215,523 ....

2,271,512

194,622

975,571 1 1,446,1401 470,5691

Total Income.. 151,067,856 150,056,083 1,454,36112,466,134
Deduct Increase

Decrease on the Year 1 011,773

QUARTERS

NDED JULY 5

1816. I Incr. I Deer.

X £
4 523,391 23,813,
3,104.711 139,027
1,730,495 .
2,006,427 .5.,860
1,009,162 99,171
181,000 26,000

3,013,187 i 738

106,581

); 136,581

70,7.17