BANKRUPTCY LAW IN CHINA.

During the hearing of a Chinese bankruptcy case at the Supreme Court this morning (says the Dunedin Star of Monday), Mr Justice Williams said to Mr Sew Hoy, one of the witnesses, that he would like to ask him, as a matter of curiosity, how they managed such affairs in his country. The answer was curt, but to the pomt "No law must pay." Mr Denniston remarked that his friend, Mr F. R. Chapman, who is a great authority on Chinese matters, said that the Chinese always hang themselves when they find they are approaching bankruptcy. His Honor said that, from what he could see of the books in this case, the Chinese system of keeping accounts was a very accurate one. Mr Sew Hoy said that was the case, although in this instance the bankrupts had made some mistakes. Grey River Argus, Volume XXXI, Issue 5267, 13 August 1885, Page 4