CHAMBERS OF COMMERCE.

Taranaki Daily News, 7 August 1915, Page 4

CHAMBERS OF COMMERCE.

the BAMtf:rinc'i iav/. Wellington, Thursday. Considerable cl.'ic-Hs'oii took pl*?« today at the Chiimoer of Corji-.ur'.'a loui< r.-i\ r; and 11,0 following resolutions were adopted:—"That it be an insiinction of the conference to its executive that, when giving effect to. th'j resolution in regard to the amendments to the bankruptcy law, which was ain'O'il to, they shall, if possible, arrange so that ie;;istered assignees may be substituted for local public assignees, on the lines"' 11 laid doe. :i '.n the regulations adopted, by the 190!) I'uil'erence, If, however, jt U found impossible to do this, then the plan as suggested by Mr. Myers might be adopted (that official assignees undertake private assignment), but whatvev Hiangcment is come to, care must be l,il in to preserve the creditors' rights lo emplov private'assignees when they think fit."

"That this Chamber suggests that the Bankruptcy Act be amended in the direction of giving greater powers to creditors in the realisation of assets." A scheme was suggested by which the idea of the motion could be given effect to, and a strong point was made of provision being made for expert assistance to creditors in the'liquidation of assets.