THE LORD CHANCELLOR, in moving the Bill be now read a second time, according to Order, said, that this Bill was rendered necessary by the construction which the Court of Chancery had put upon the Leases and Sales of Settled Estates Act. That statute enabled trustees to grant building leases, but the Court of Chancery had held that every such lease must be subject to the approval of that Court. In the neighbourhood of large manufacturing towns they frequently wanted to grant leases under circumstances that did not admit of a reference to the Court. Great expense would be incurred by such a reference, and there was clearly no necessity for it. The 672 present measure was proposed in order to get rid of the reference to the Court.
§ Motion agreed to.
§ Bill read 2a, and committed to a Committee of the Whole House on Thursday next.