The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1835-12-15 00:00:00

FOREIGN INTELLIGENCE.

CEYLON.

We bave accounts from Ceylon which state the opening of the
legislative council. In his speech, on this occasion, his excel-
lency read the following despatch :
" Downing-street, Oct. 29, 183-1 , .
_ _ _

" have received and laid before the King your 'despatch
of the 17th of April last, enclosing a memorial from the Colombo
merchants, complaining of your conduct in having delayed to
complete the legislative...council to the number defined in the
royal instructions. The Kirig has commanded ins to signify to
you his gracious approval of the caution with which your pro-
ceedings have been regulated in this particular, an approval
which you will duly intimate to the parties who have signed the
memorial, apprising them, at the same time, that although it
will be your ditty, under his Majesty's instructions, to stiffer as
little delay as possible to occur in completing the umber of the
iinotncial ine;,ibers, to that of which it is the wish of his Majesty
that the legislative body should be ultimately composed, yet
that his Majesty cannot with that view relax any of the restric-
tions which have been imposed on the selection of fit and proper
persons to discharge those high and important functions.
(Signed) " T. SPRING RICE.
"To the Right Hon. Sir It. W. Horton, Bart."
His excellency concluded his address by stating that in the
September ensuing a legislative council would be summoned
for the purpose of framing certain ordonances which would be
laid before them by the executive government.

LONDON LAW AND POLICE COURTS.

BANKRUPTCY COURT-THURSDAY

WHITEHEAD, HOWARD, HADDOCK, AND CO.'S BANKRUPTCY

The bankrupts in this case were bankers, of Cateaton-street,
against whom a commission was issued on the 16th of Novem-
ber, 1814. The proceedings under the commission have been
going on ever since, and a meeting of the creditors was held to-
day for the declaratian of a final dividend. The total estimated
amount of the debts due by the firm at the first meeting of the
creditors was £277,835 4s. 7d., and the credits and assets were
expected to realise £218,216 6s.,leaving an apparent deficiency
of about £59,616. The fast dividend, amounting to 10s. in the
pound, within about six months after the bankruptcy, the
proofs and claims then amounting to £129,822. Five other di-
vidends were subsequently declared, the last announced being
in August, 1829, and in all amounting to 16s. laid. in the
pound. The total amount of the proofs at the period of the last
diVidend was declared was about £129,800. Upon the private
estates of two of the bankrupts dividends in full had been paid
to the separate creditors.
The executor of one of the bankrupts (Mr. Haddock) applied
for the allowance which was due to the estate of the bankrupt
The deceased, though articles of partnership had been signed
by him with the firm, received a ealary only, being,. in fact,
merely a clerk. In cousequer.ce of the bankruptcy, however,
of the banking firm, the private property of the deceased party
was taken to the amount of £7,000, which went to pay in part.
the joint creditors of the firm. Under these circumstances,
therefore, the court would allow to the estate he represented an
allowance equal to his interest.
The solicitor on behalf of the estate had not any idea that
such a claim would have been brought forward. It was cer-
tainly true that the private assets, to the amount stated, of the
clerk, who was.a partner, however, according to law, had been
taken. _ _

• The Commissiolier asked how much the party had already
received?

The executor stated £2lO, and his household furniture.
The Commissioner said the bankrupt, according to statute,
was entitled to seven and a half per cent., which would amount
to above £500; as he
,had received already £2lO, he should
direct £290 in addition to be paid to the estate.
The opinion of the court was asked as to the mode in which
the interest thit had accrued upon the investment of unclaimed
dividends should be,appropriated. A considerable sum had ac-
cumulated in this way, and those parties to the commission con-
sidered it unfair that those creditors who had regularly received
their dividends should participate in the accumulations of in-
terest upon dividends that had been unclaimed. It was a point
upon which no decision had yet been given.
The Commissioner said he should consider the subject.

The amount of the final dividend was expected to have been
about one penny in the pound, but in consequence of the allow-
ance claimed by the executor of one of the bankrupts a frac-
tional part of a penny only will be divided.