ABSTRACT
Private partnerships, where each partner is liable for the whole debts, need not, and do not, as a rule, concern themselves much with depreciation, and many a successful business is being carried on without any attention being paid to it. In English law there is no provision in the Companies Acts that depreciation shall be provided for. The Acts do not seem to recognize it in any way. To the business man with outstanding accounts the question of how to deal with the class of customer is a constant and perplexing puzzle. The faculty is to consist of eight professors of the university's law school, and eleven new professors of recognized proficiency in all kinds of business and accounting. The faculty of the school will consist of nineteen members, part of whom already occupy chairs in the university law department.
