MR. OSBORNE MORGANasked Mr. Attorney General, Whether, in view of the state of things disclosed by the recent Report of the Comptroller in Bankruptcy, and particularly in view of the fact therein stated, that—
The actual loss by bad debts in cases under the present Bankruptcy Act for the year 1879 (exclusive of losses from Scotch and Irish insolvency, Joint Stock Companies, deceased insolvents, private arrangements, and the many thousands of small insolvencies not dealt with under the present Bankruptcy Law) will be about twenty-five millions sterling,he can hold out any hope to the House that any measure of Bankruptcy reform will be discussed or proceeded with during the present Session?
§ THE ATTORNEY GENERAL (Sir JOHN HOLKER), in reply, said, the state of things disclosed by the recent Report of the Comptroller in Bankruptcy was certainly very lamentable, and showed the necessity for legislation. After the Army Bill was disposed of, he hoped there would still remain sufficient time to pass the Bankruptcy Act Amendment Bill, which had already passed through the other House of Parliament.