§ Several Private Bills relating to Railway, Gas, and other Companies, having been read a second time,
§ LORD REDESDALEsaid, he desired to call the attention of their Lordships to the circumstance that some of the Bills which had been just read a second time contained 2 provisions for the issue of what was called "pre-preference capital." As these Bills were opposed, they would not come before him in the ordinary course; but he would take care that the House should not pass the pre-preference clauses without some explanation being given. He could conceive nothing more destructive of all railway property than the issuing of pre-preference stock.