§ LORD ST. LEONARDSsaid, the next Bill which he proposed to introduce related to Bankruptcy. It contained a variety of provisions which their Lordships would have an opportunity fully of considering; but its chief object was to induce persons who unfortunately became insolvent, and, in the common acceptation 8 of the phrase, "incapable of meeting their obligations," to get at once into the Court of Bankruptcy without fear and without shame. In order to accomplish this he proposed, inter alia, to abolish first, second, and third class certificates. The noble and learned Lord presented a Bill further to amend the Laws relating to Bankrupts, to extend the jurisdiction of the Court of Bankruptcy, and make such Court auxiliary to the Court of Chancery (Bankruptcy Bill).
§ Bill read 1a.