§ Order for Second Reading read.
§ MR. MORLEYexpressed a hope that the principle of the Bill would be extended so as to get rid of the three days of grace upon all bills.
§ MR. CRAWFORDsaid, he concurred in the suggestion of his hon. Friend the Member for Bristol (Mr. Morley). He should be very glad if days of grace were done away with altogether.
§ SIR JOHN LUBBOCKsaid, the suggestion was one of very considerable importance to the trading community, and should not be adopted without consideration and due notice being given to the public.
§ MR. MUNTZsaid, he concurred in the opinion expressed by the hon. Member for Bristol (Mr. Morley). It was far preferable to have one law applying to all bills than two laws for the two sets of bills.
§ MR. ALDERMAN LUSKsaid, he thought the proper course would be to make every bill payable at the time stated on the face of it—at sight, or 30 or 60 days—without any days of grace.
MR. ALDERMAN W. LAWRENCEsaid, he concurred with the hon. Baronet the Member for Maidstone (Sir John Lubbock), in expressing the importance of giving due notice to the public.
§ MR. BAXTERobserved, that the question of the abolition of all days of grace was one entirely for the House and not for the Government to decide. The Committee would be fixed for Thursday, when that subject might be considered.
§ MR. MORLEYgave notice that he would move an Amendment in Committee on the Bill to the effect he had stated.
§ Bill read a second time, and committed for Thursday.
§ House adjourned at a quarter after Twelve o'clock.