SIR GEORGE LEWIS,in moving for leave to bring in a Bill to make further provision concerning Mortgages and other dispositions of Property belonging to Municipal Corporations in England and Ireland, said that at present under the Municipal Act, a Municipal Corporation could not mortgage its property without the consent of the Treasury, which had no power to require a sinking fund to be set aside, or to make arrangements for the intermediate investment of the money and other matters. It would be for the convenience of the public and the advantage of Municipal Corporations that the powers granted by the present Bill should be conferred upon the Treasury, which was at present compelled to resort to circuitous and troublesome contrivances to effect its object. The Bill was not likely to meet with objection, and its details could only be understood when it was before the House.
§ Leave given.
§ Bill ordered to be brought in by Sir GEORGE LEWIS and Mr. CLIVE.
§ Bill presented, and read 1°.
§ House adjourned at half-past Seven o'clock, till Monday next.