394
to obtain
payment in full
to the entire exclusion of
would as
to most
in
all others. The evil to which attention has been-
the above letter- is one
which soon after -arrival here I thought ought to be remedied.
drawn by
any
Upon the recent gigantic failures the mischief
presented itself very forcibly.
to the mind
of
He is Excellency
Fir Hercules Robinson and was the subject of very serious consideration in conferences which I had the hover to have with him- and at last I had the
express direction
of
Sir Hercules Robinson to prepare
an Ordinance to mitigate if not actually remedying the evil and it was then determined that any
Measure
I should prepare should be forwarded to England
to receive the revision
am
of
the Law
Officers
there
an
་་
rangement in which the suggestion contained in
Mr. Macan drew's letter was
The
anticipated.
practical suggestions of the chamber
any
of
them
of necessity. be comprised
- measure to be passed as Law - At one time
I inclined to think that a Bankruptcy bill founded
m
the English Act umed be the proper remedy, but
when I emaidered how special the provisions of the
to be I felt
proposed enactment wooed be required to be I that the elle achinery evitable for England is for to complex for
anch a beolony as this.
The Colonial Insolvent Act, Administered
as it has been, appears to me well adapted to its
purpose
here
and I think that if the Acts of Envolvency
were made Co-extensive with the Acts of Bankrupter in
in
England, that the present Ensolvent
Act would answer all necessary purposes with some
additio
value
of
which the two following are the principal.
give
to a
of
special majority in number
to enforce
breditors a power
a deed of
and!
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