§ Order of the Day for the Second Reading, read.
§ LORD SELBORNE,in moving that the Bill be now read a second time, said, that the object of the measure, which had come up from the Commons, was to consolidate and in some degree amend the Bills of Sale Act of 1854 and the Bills of Sale Act of 1856. The greater part of the measure dealt with consolidation of previous legislation. By the 9th clause, it was enacted that every bill of sale should be registered within seven days instead of 21, as at present—otherwise, should be void as against trustees in bankruptcy, liquidation, or process of Court; and that any renewal of such registration, or subsequent bill of sale, of the same chattels for the same debt, shall be void. The other principal alterations proposed to be made in the law relate to mortgages of fixtures, and to securities upon personal chattels in the form of leases reserving rent. The Bill would, no doubt, require amendment in Committee.
§ Moved, "That the Bill be now read 2a"—(The Lord Selborne.)
§ Motion agreed to; Bill read 2a accordingly, and committed to a Committee of the Whole House on Tuesday the 18th of June next.