HC Deb 22 June 1827 vol 17 cc1379-80
Mr. Maberly

rose, to withdraw the notice of his intention to move a Resolution concerning the application of Corporate Funds to Election Purposes. His attention, he said, had been drawn to this subject, in consequence of the dictum which, he had been informed, had been pronounced, in another place, by a very learned personage; who had broadly declared, that corporate funds were, in every respect, private property, and might be legally used by the corporation for all purposes to which individuals might apply their property. It was evident if this dictum were correct, that the members of any corporation might meet and divide the corporate funds among themselves for their own private benefit. He had always understood that corporate funds were held in trust for corporate purposes, and could not legally be applied to any other object. The corporation acted as a trustee; and in that capacity alone. Would that House suffer corporations to apply their funds to election purposes, and in so doing overturn all their rights and privileges? He had intended to move a resolution to prevent this abuse; but considering the state of the House, he should waive his intention. He trusted that this notice would have the effect of guarding against these malversations. He could assure any corporation, that if they interfered with any election by misapplying the funds they held for corporate purposes, they might be called to the bar of the House, and visited with the just measure of its indignation. His observations were not directed to any corporation in particular; but he felt called upon to notice a handbill which had been circulated by the corporation of Northampton, in which some grave misrepresentations appeared respecting the proceedings in regard to a bill which had passed this House, and had been rejected by the other House, on this subject. Some unjust and groundless remarks had been made upon the conduct of his hon. relative (colonel Maberly) in this hand-bill; and he appealed to the members of the committee, whether they were not directly opposite to the truth. He recommended that corporation to mind what they were about, for he had understood that their charter was not quite secure, and that. it would be necessary to come to parliament for its confirmation. The funds were restricted by the terms of their charter to objects of "common utility," and he could not see how that phrase could justify their application to the returning of members to parliament. He should not press the resolution, but he hoped some steps would hereafter be taken to meet the evil.