(i) there has been a substantial failure by it

to comply with any of the provisions of this

Ordinance; or

(ii) it commits an act of bankruptcy within

the meaning of section 3 of the Bankruptcy

Ordinance; or

(iii) it fails to comply with a notice under

section 68,

and the expression "default" shall be construed

accordingly.

Defaults capable of remedy.

68. (1) This section shall apply in the case of any

default where it appears to the Secretary that the default

is capable of being remedied.

(2) In the case of any default to which this section

applies, the Secretary shall serve

(a) in the case of a default prior to the discharge

date, on

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