THE BANKRUPTCY ACT.
(By Teiegraph.-rress AsscciUio^ <
DUXBDCf, TueaferIhe sub-committee of the Chambi'j Commerce appointed to consider snlf tions for the amendment of the bP" ruptey Act submitted their report toJT The subcommittee considered it inadv?' able to appoint more official assimi* and recommended that the cognised by the Companies Act betsn!. an official liquidator and a liqoi<y? tinder voluntary liquidation bs esteaS to the Bankruptcy Act. Under no 2 cumstances could th? sub-eommike »' prove of the appointment of bankrupt*, judges. The sub-committee approved. <5 assignee being empowered to grant & charge, but did not think the unaniaba consent of the creditors should be j* quired. It preferred the majority j» number and value, provided any diiejfi ing creditor was at liberty to'apprfi. the judge within limited time to r«i» the assignee's discharge. In insolvent estates in the hands of. ji," Public Trustee, it was recomaes&j that such estates be handed over to'tt, assignees, official or otherwise, in the & cretion of the parties interested. recommended that it be made eompnlsdn for official assignees to furnish each creg. tor with a complete statement "of receipj. and disbursements immediately an estoj is finally wound up. The report \r« adopted.
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