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Composition by Debtors (Repeal) Act 1697
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Recital that 8 & 9 W. III. c.18. hath not answered the End for which it was intended.
Repealed.
Whereas an Act [X1made] in the Second Session of this present Parliament held in the Eighth and Ninth Years of His Majesties Reign intituled An Act for Relief of Creditors by making Compositions with their Debtors in case Two thirds in Number and Value do agree. hath not answered the end for which the same was intended in regard that notwithstanding the Provisions in the said Act for preventing Frauds in the making such Compositions many fraudulent Practices have been committed by making pretended Agreements with Persons who were not real Creditors and for greater Advantages than what were expressed in such Compositions which Practices have (as there is just Cause to fear) occasioned much Perjury For Remedy whereof be it enacted by the Kings most Excellent Majesty by and with the Advice and Consent of the Lords Spiritual and Temporal and the Commons in this present Parliament assembled and by the Authority of the same That from and after the Four and twentieth Day of June in the Yeare of our Lord One thousand six hundred ninety and eight the said Act and every Clause Matter & Thing therein contained shal be repealed determined and of no Force.
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X1interlined on the Roll.
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