<INSOLVENT DEBTORS' COURT, Sept. 24. THE CREDIT SYSTEM AT OXFORD.- IN RE THOMAS PERCIVAL MUCKLOW.

This insolvent, who had been a chemist and druggist, as well as a dealer in cigars, perfumery, and brushes at Oxford, applied to be discharged, supported by Mr. Cooke. He owed 1091l., and had 329l. owing to him. The insolvency was attributed to outstanding and bad debts, and being "obliged" to give long credit to gentlemen at Oxford University. He had 141 debtors, nearly all being Oxonians.

In answer to the Court,

The Insolvent stated that he had supplied cigars, perfumery, and brushes to the students at Oxford.

Mr. Commissioner Phillips told him he had counted 100 of them. Did he ever go to the tutors or parents before he supplied the young men with the luxuries!

Insolvent.— No, I did not.

Mr. Commissioner Phillips.— And why not!

Insolvent.— lt is not the custom.

Mr. Commissioner Phillips.— Did you know their means of paying for these luxuries?

Insolvent.— Their means were taken for granted.

Mr. Commissioner Phillips.— I can only say that if the law gave me power you should not go scatheless out of this court for such conduct.

The Insolvent said the amounts were small, and mentioned an instance in which he was allowed by a solicitor 30s. for eau de Cologne, and refused 1s. 6d. for cigars, and the reason given was, that eau de Cologne was a "necessary," as required "to bathe the brows after severe study" (a laugh).

His Honour declared that it was scandalous such things should be permitted at Oxford. It was cruel to the young men, and as the heads of colleges would not take it up he hoped that the legislature would interfere next session in the matter. The Court had heard that Oxford tradesmen did not take a composition for a debt.

The Insolvent said "we" should be happy to do so.

Mr. Commissioner Phillips said they set themselves up rather high. As he had no power the insolvent would be discharged. He hoped such scandalous things would soon be corrected by parliament.