§ MR. BOUVERIEsaid, the whole system of the bankruptcy and insolvency laws of this country had, during the last eight or ten years, been in such a state of oscillation and transition, that it now presented a mass of confusion; and such an amount of suffering and pecuniary loss was inflicted by it upon the country as was almost incredible, so that an alteration in the law was imperatively called for. The great objects of a bankrupt and insolvent law, which ought to be to facilitate the means of getting possession of the property of insolvent traders, to prevent that property from the consequences of waste or fraud, and to protect the insolvent trader, were very inadequately obtained under the present system. He was glad to find that it was the intention of the Government to consider the whole subject, with a view to bringing in a large measure to amend the present system. That being the case, he would not press the Motion for going into Committee on the Bill, but would leave the question in the hands of Her Majesty's Ministers.
§ SIR G. GREYsaid, with reference to this subject, he had received a communication from his noble Friend the Lord Chancellor, to the effect that he had under consideration a measure for the amendment of the bankruptcy and insolvency laws, which 346 he hoped to be able to perfect before next Session of Parliament.
§ Motion for Committee withdrawn.