§ Bill considered in Committee, and the several clauses were agreed to.
§ MR. HASSARD moved the addition of a clause requiring companies possessing borrowing powers to make an annual Return to Parliament of the capital which they had raised. His object was to prevent the recurrence of cases like that of the West Hartlepool Company, or any similar violation of the provision that companies should not raise money on debentures or mortgage until one-half of their capital was paid up.
§ MR. MILNER GIBSONsaid, that this Bill was only intended to consolidate the clauses which were commonly inserted 936 in Companies Bills; and he did not think that it would be right to introduce into it a provision of this importance.
§ Clause negatived.