CO129-088 - Acting Governor Mercer - 1862 [10-12] — Page 403

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

22

Bill as

on

consideration might appen

preferable is that the

be put an end t.

Crying

with might

was

I have given ansions consideration to the subject my first intention to have taken the last English Bankrupt Act and to have altered

it es as to create a Bankruptey

durisdiction in this Colony and I began

long but

easy

task. On further

reflection I abandoned the benign

and for various wasous

I thought Draft

it preferable to prepare a roinance which should extend the operation of the Insolvent ordinaner now in operation

I was induced to prefer

this

Course

ansons

other

23

401

reasons

because!

no Bankrupt Law in this Colony would be allowed to carry complete immunity to the debtor every where and becauce the last English Bankrupt Lew mede provision for

an

easy

procedure there in Bankerupley where the Debtor has been made Bankrupt

Insolvent in

any

Plony,

see sections

754 2/8 of the Imperial Bankrupt

Act

51861-

Other reason were

that

a

complicated system of Bankruptcy procedure is inxpplicable in a small Colony where adequate machinery

cannot be introduced and that the present Insolvent Ordinance/com

2

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