Extract From Report.

"Serious difficulties and long delays have been encountered in collecting correcting and completing the information sought for in these Records especially in procuring the complement of statements from the two different sources, namely, the official Assignees and Creditors Assignees.

"The working of this new machinery is. however becoming every day easier and more perfect although of a nature permanently retaining the character of heavy labour. Such as shewn by this first statement, notwithstanding some defects, and the absence of a few returns of little consequence, the result may safely be taken as a general shewing of the Insolvency operations of the year concerned.

"A further remark is necessary as regards the columns of the above tables respectively headed. Assignee's Commission, Law and Miscellaneous Expenses to the effect that the amount does not represent the entire costs of the whole of the transactions, for this reason, that many of the estates are still undergoing the process of liquidation, and therefore only a portion of the expenses is accounted for.

"Preferential and second claims are included under miscellaneous expenses."

Table II. Statistics of Insolvency for the Year Ending 30Th September, 1876, In Accordance With Statute 39 Vic., C. 30.