§ Order for Third Reading read.
§ Bill read 3°
§ On the Question that the Bill do pass,1703
§ MR. MALINS
said, he must object to the passing of the Bill unless certain words were inserted providing that it should apply only to companies established under the 7 & 8 Vict., c. 110. Last year the Joint-Stock Companies Act was passed, by which all insurance companies were excluded, and the 7 & 8 Viet., c. 110, was repealed. In consequence of those two provisions, insurance companies were at liberty to establish themselves under a deed of settlement without being registered, but the present Bill would impose on all those companies established since 1856 penalties for not having complied with the provisions of the 7 & 8 Victoria. This would be ex post facto legislation, and he therefore must oppose the passing of the Bill, unless the words he had suggested were introduced.
§ Bill passed.