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Newspaper
Nonconformist
Location
London, Middlesex, United Kingdom
Date
Mar 05, 1879
Page
7
Objections to broad power for a debtor to declare bankruptcy and discharge without dividends prompted Lord Chancellor approval amid warnings of growing officialism. Critics say creditors share fault for abuse, urged by Mr Morley MP at Law Amendment Society meeting that a balanced measure may pass this session.
The Chancellor of the Exchequer warned of a five to five and a half million pound deficiency in the year’s finances. Bonds for two and three quarter million were renewed, with a further million and a half planned. Unfunded debt and Afghan and Zulu war costs loom as the public awaits the Budget.
Mr John Burns of Cunard writes to the Glasgow Lord Provost warning that foreigners are being used to finish Gallia’s cabin parquetry and other work. He notes Belgian and Japanese labour cutting costs and implies home workers lose orders and wages, urging careful consideration of the distress and future difficulties.
The Monday night session featured no new points on Mr Monk's Burial Bill but marked a pivotal moment as Conservatives largely backed the measure. The row over privilege with the Times surfaced, while Chancellor Northcote faced votes on Zulu war funding and Exchequer bonds. Ireland and India debates followed, with Mr Sullivan and Mr Bright delivering forceful appeals amid a widening financial strain and Army Estimates signaling new costs.
The Bell Telephone Company increases production to 1,500 instruments per month as telephones spread in America. Already 17,000 instruments have been sent out and 15,000 are rented. Also news notes a new twelfth magnitude planet found by M Coggia at Marseilles on March 1 with precise celestial coordinates and motion details.
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