ALTERATIONS IN THE BANKRUPTCY LAWS.
[by telegraph.] Wellington, June 30.
The Chamber of Commerce held a meeting this afternoon to consider a letter from the Parliamentary Committee re the bankruptcy laws. The Chamber recomr mend 1. That a bankrupt's estate be administered by an official assignee to be an officer of the Court, and that creditors appoint a trustee to act in conjunction with him, and that circumstances which should disentitle a bankrupt to his dis* charge should be a failure to keep books, reckless or fraudulent disposal of property, destroying or falsifying of books, or non-payment of seven shillings in the £. 2. That no bill of sale shall take effect until registered, that every bill of sale given by a trader over stock-in-trade shall be absolutely void as against the claim of any creditor whose debt was existing at the date of the bill of sale. 3. Deeds of arrangement should be abolished. 4. That no debtor shall be discharged until examined in open Court.
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Oamaru Mail, Volume IV, Issue 1319, 1 July 1880, Page 2
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166ALTERATIONS IN THE BANKRUPTCY LAWS. Oamaru Mail, Volume IV, Issue 1319, 1 July 1880, Page 2
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