HC Deb 10 August 1840 vol 55 cc1403-4

On the Order of the Day for taking into consideration the Lords' amendments to the Joint-Stock Banking Companies Bill,

The Chancellor of the Exchequer

moved that the House disagree to the Lords' amendment on the 8th clause, to enable a party, on getting judgment against the secretary or other officer of the company, to have execution against any one of the shareholders. He had no objection to making all the shareholders liable, if due notice were given; but this amendment went to extend the liability so far both as to time and amount, that, especially at the end of the Session, when there was not opportunity for considering all the bearings of so important an alteration of the law, he could not agree to it.

Motion agreed to.

A conference was held with the Lords on the subject, and their Lordships did not insist on their amendment.