6 FEBRUARY 1886, Page 11



SIR,—I thank you for your courtesy in publishing my former letter. I venture to trespass further on your space in order to answer the questions you have asked me in an editorial note.

I do not object to the Bankruptcy Acts, because their principle is that debtors can only obtain a complete discharge by giving up all their property to their creditors. I would certainly ask for compensation, not from the Court of Bankruptcy, but from the Legislature, if a law was passed after my debtor had in- curred the liability, enabling him to retain any portion of his property, leaving my debt unpaid.

I may add that if, as is very possible, the tenants cannot pay the judicial rents out of their annual profits, they should only be discharged from their liability upon their surrendering, like all other debtors, all their property to their creditors. If Parlia- ment, from motives of policy, desires to free the Irish tenants from their liabilities, and yet to retain for them that part of their property on which the judicial rents are secured, the only jest way is, for Parliament to purchase the part it so wishes to