§ On the motion of sir Samuel Romilly, the house went into a Committee on the Bankrupt Laws bill.
§ Mr. Jacobmade some objections to the clause respecting the appointment of Assignees, to which he proposed making some amendments.
Sir Samuel Romillysaid, that no remedy was at present proposed, and considering the advanced state of the session, and the great consideration which a bill of this kind required, he could not consent to any 48 alteration. The remedy of the hon. gent. was not even matured; and if it was, he understood, it was intended to be modelled on a plan which had been brought into the house of lords last session, and which had been thrown out there on account of its ineligibility.
A long discussion took place on the wording of the clause for empowering the Commissioners to summon the Assignees, even before a dividend, to deposit the money they received in the hands of a banker. The Clause was however finally agreed to as proposed, without any amendment.—The wording of the next Clause, for allowing sureties, and acceptors of bills who should pay their debts after the Commission, to prove under the Commission produced a very considerable discussion, and an amendment was agreed to.—After some further clauses were gone through, the Chairman reported progress, and had leave to sit again.