26.
Section 28.34 provides for appointment of Creditors assignee and 35 authorizes the Court to betermine questions between them and others.
Clauses from 36 to 42 authorize the Cuditors with consent of Count to
change procedure from Insolvency
to Feed
a
anangement by Seek a conse
into which in all very large
insolvencies, it
will be merged.
Bramers
may
be anticipated,
Adopting the views of the
the Bankrupt Act 1851 the proposed Ordinance authorizes §§ 43-52 a trust deed to prevent insolvency under certain restrictions. The
main
feature of these clauses is that they provide for a competent majority
to bind the minority.
27
403
Section 53 introduces into the Insolvent Law a new provision Witherto applicable to Bankruptely, but as there
is no
magic in words Its not see why the after acquired property of an Insolvent should not be protected
as
much as the property of a Bankrupt I see no reason
why $53 to 55 should
not give to the Debtor the benefit of
shall
hs
Bankruptey here, since we have already given to the Irediton against the Debtor the benefit of Bankruptcy. Honest Insolvents are the more entitled to the protection and benefit of there clauses because
as
against dishonest deblons section.