PRIVATE ASSIGNMENTS.
The increase in the cumber of private assignments made since the passing of the Bankruptcy Act now in force has cuused much comment in the several Chambers of Commerce in the Colony, and the suhjoct was brought under the notice of tho House recently by Mr W. Hutchison, the member for Dunedin City. Ho asked if the Government would so amend the Bankruptcy Act so as to make it compulsory that all assignments be registered for public information. Mr Hutchison went so far as to say that private assignees were now doing as much < business aa the official asnignees, but we are not prepared to accept that statement as absolutely correct. How ever, there is enough in it to justify i Ministers in interfering. We agree with our contemporary the Manawatu , Times in saying that the system has many grave objections, and should be discouraged as much as possible, because it opens the door to grave irregularity if not to actual dishonesty. The honest trader who gels into difficulties has nothing to fear under the Bankruptcy Act. In replying, the Minister of Justice made an implied promise that legislation in the required direction would probably be made.
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Bibliographic details
Feilding Star, Volume XVI, Issue 32, 7 August 1894, Page 2
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199PRIVATE ASSIGNMENTS. Feilding Star, Volume XVI, Issue 32, 7 August 1894, Page 2
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