The York Buildings Company; a Chapter in Scotch History
The York Buildings Company; a Chapter in Scotch History
Murray David
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William Ward, and obtained decree for £^ofxyo. The latter died shortly Digiti zed by Google 98 A CHAPTER IN SCOTCH HISTORY. afterwards, leaving no estate, and nothing was recovered. Exclusive of certain advances to the Company, which were, however, disputed as irregular, the balance thus lost ex- ceeded ;C20,000. According to the old practice the agent for the creditor who brought an action of ranking and sale had the carriage of it throughout A new regulation had been introduced by Act of Sede...runt in 1746 by which the various creditors interested were required to elect a common agent to take charge of the proceedings on behalf of all interested. .After the passing of the Act of 1777 the creditors met in accord- ance with this rule, and elected Mr. Alexander Mackenzie, W.S., as common agent in the process of ranking and sale of 1750. He was the private law agent of Walsh, by whom he had been employed when he became involved with Mackintosh. It thus became necessary for Mr. Mackenzie to investigate the Company's affairs, and having made himself thoroughly acquainted with its history and position, the present Act was applied for.
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