CO129-088 - Acting Governor Mercer - 1862 [10-12] — Page 402

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There has hitherto been great disinclination in the respectable Mercantile Classes here to proceeds to the extremity of taking defendants upon Indgements in execution and this feeling has been taken advantage of by less compassionate erchters to Hein priorities by unreasonable and improper presume and it has cncouraged such persons in seifing the goods of a Sebton for the advantage of the individual Crediton at the sacrifice

on those who

are

more

forbearings..

The wide streak disasters

among the beseer merchants of Hongkong recasioned

the recent gigantic frands of Stuntomjee and Stanford

by

rendered the want of facilities to

place the assets

of persons unable to meet their liabilities more patenti;

thereupon

7

and a general wish was expressed for powers in the Enditons such persons to protect their assets againt individual activity and preference and save them for qual

Distribution

large.

among

the Creditors at

I had the hoven to have several interviews with his Ecellency Sir Aurcules Robinson on the subject shortly before the left for England and I received his directions to prepare Will to meet the marrifest evils by a Bankruptey Will or by each other

G