§ Earl Stanhope called the attention of their lordships to a topic, which, he conceived, strongly called for some legislative interposition. He alluded to the circumstance of monies being vested on trust to a considerable amount, with respect to which, in consequence of trustees becoming bankrupt, or otherwise failing in their circumstances, injurious effects might arise. To prevent these was the object of the bill he should propose, and which, in his own opinion, and in those of many peers he had consulted on the subject, was very desirable. The bill was very short; its leading provision was, to enable the parties interested to petition the lord high chancellor for the time being, who was authorised by the bill to give the necessary relief. He then presented his bill, which was entitled, "an act for the better securing of trust monies."
§ The Lord Chancellor observed, that though a bill might be very short, a great deal might be done by it. With respect to the legisla- 636 tive measure proposed by the noble earl, he did not object to its principle, but imagined it might require some amendments in its phraseology.—The bill was then read a first time, and ordered to be printed. The remaining orders of the day were then disposed of, and some private business transacted; after which the house adjourned till tomorrow.