CO129-098 - Sir Robinson - 1864 [4-5] — Page 238

The insufficiency of that Law has been often felt but it became known in a remarkable degree in the Autumn of 1862, immediately after the discovery of Rustomjee's gigantic frauds. His Excellency was then persuaded that the Law required amendment. His Excellency, whilst he was in England, procured a Bankruptcy Ordinance for the Colony to be prepared. It was submitted to a Committee of the Legislative Council and was revised clause by clause. Certain provisions rendered necessary by the circumstances of the Colony, which could not be well known to a Lawyer practising in England, were inserted and some alterations in detail were made, but the Ordinance is substantially the same as the able Draftsman left it.

An very good code of Bankruptcy procedure, founded in the main on the Bankruptcy Acts in England, but with improvements made by the Draftsman, in my opinion it is. This Ordinance by "#2" repeals Nr. 3 of 1846 for the relief of Insolvent Debtors and Ordinance No. 5 of 1846 and No. 2 of 1849 amending the first Ordinance. To that there will no longer be any Insolvent