560
(j) Various changes are rendered necessary by the follow- ing facts:-In the United Kingdom a number of courts have jurisdiction in the winding up of com- There are panies, while we have only one here. several registration offices in the United Kingdom, but there is only one here. References have to be made to local legislation instead of to Acts of the Imperial Parliament in many cases, and dates and place names have to be altered. In some cases there are no authorities in Hongkong to correspond to the English authorities referred to in the Act: special instances of this are dealt with under the headings Board of Trade" and Rules-Fees-Tables- Forms".
Board of Trade.
66
The
The non-existence in Hongkong of any authority to corres- pond to the Board of Trade in England has proved one of the greatest difficulties in adapting the Act to this Colony. following is a table giving the sections and clauses concerned, their subject matter, and the equivalent which has been adopted in each case for the Board of Trade :-
Equivalent adopted.
Section Ci-use
of
VE
Subject Matter.
Act.
Bill,
8
9
Change of Name.
Governor.
19
20
Licence to hold land.
Do.
91
92
Payment of interest out of
capital.
Court.
109, 110 109, 110
Investigation by inspectors.
Governor.
112
112
:
Appointment
of auditors.
Do.
118
118
Tables and Forms.
Do.
119
119
Arbitrations.
Do.
146
140
Appointment of Official
Receiver.
Do.
149
143
Security of liquidator.
Official Receiver.
154
148
Payments of liquidator into
Bank.
Do.
155
149
Audit of liquidator's ac-
counts,
Do.
137
151
Release of liquidator.
Court.
159
153
Control over liquidators.
Official Receiver,
160
154
Authority in lieu of the
Committee of Inspection. Court.
161
155
Security and Accounts of
Special Manager.
Do.
187
179
224
213
229
216
231
217
233
218
237
219
Notice by liquidator in a voluntary winding up of his appointment.
Undistributed assets. Companies Liquidation Ac-
count.
Winding up Accounts, Appointment of officers. Winding up Rules (In Englund made by the Lord Chancellor with the concurrence of the President of the Board of Trade).
243, 244223, 224 Registration office and re-
289
265
Third
Third Schedule Schedule
Form F. Form F.
Registrar of Com-
panies.
Official Receiver.
Do. Do. Governor. Chief Justice with the approval of the Legislative Council.
gistration and filing fees. Governor. Existing registrar of com-
panies.
Form of licence to hold
lands.
Do.
Do.
use
**
44
In choosing these equivalents the general policy has been to "Governor wherever possible, and to insert Official Receiver wherever the duties imposed are such as are not con- sonant with the office of Governor. In a few cases where the duties