On partnership with limited liability

Abstract

Since I had the honour of submitting to this Society the paper prepared by me on the subject of limited liability, a Commission composed of eminent and learned men, entrusted with the task of taking evidence and reporting upon the subject, has closed its inquiries, and submitted a report as the result of their investigations. It must be a matter of regret to the numerous advocates for the introduction of the commandite system, that the very eminent men of whom that Commission was composed, have been unable to come to a conclusion favourable to the proposed change in our laws of partnership. I shall take the liberty of calling your attention to the evidence taken before the Commission, and the report of the Commissioners; but before doing so, I should wish to notice some rather ingenious objections to the commandite system, while may be found in a series of articles upon the subject, contained in several numbers of the Law Times during the latter part of the year 1854.